Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 1.80% is 54% below its 5-year average of 3.87%, near the low end of its 5-year range (1.79%–14.52%).
As of the fiscal period ended Friday, July 31, 2026. 17.03% below its 12-month average of 2.17%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2027 (2026-07-31): 1.80%.
DEBT TO ASSETS RATIO
1.80%
DEBT TO ASSETS RATIO AVG TTM
2.17%
DEBT TO ASSETS RATIO AVG 3Y
3.38%
DEBT TO ASSETS RATIO AVG 5Y
3.87%
DEBT TO ASSETS RATIO AVG 10Y
3.63%
DEBT TO ASSETS RATIO AVG 15Y
5.08%
DEBT TO ASSETS RATIO AVG 20Y
5.79%
CURRENT VS TTM AVG
-17.03%
CURRENT VS 3Y AVG
-46.87%
CURRENT VS 5Y AVG
-53.62%
CURRENT VS 10Y AVG
-50.47%
CURRENT VS 15Y AVG
-64.62%
CURRENT VS 20Y AVG
-68.94%
SECTOR MEDIAN · TECHNOLOGY
0.13%
median of 642 covered companies
CURRENT VS SECTOR MEDIAN
+1282.28%
vs the sector median at left
MIND Technology, Inc.
Market Cap
$41.22M
Debt to Assets Ratio
1.80%
TTM Avg
2.17%
3Y Avg
3.38%
5Y Avg
3.87%
Market Cap
$40.01M
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$39.00M
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$38.98M
Debt to Assets Ratio
0.60%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$38.38M
Debt to Assets Ratio
0.23%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$44.16M
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MIND Technology, Inc. (MIND) | $41.22M | 1.80% | 2.17% | 3.38% | 3.87% |
| Phunware, Inc. (PHUN)vs › | $41.71M | 0.00% | N/A | N/A | N/A |
| Blaize Holdings Inc. (BZAI)vs › | $40.01M | 0.00% | N/A | N/A | N/A |
| Pixelworks, Inc. (PXLW)vs › | $42.57M | 0.01% | N/A | N/A | N/A |
| Brand Engagement Network, Inc. (BNAI)vs › | $39.00M | 0.07% | N/A | N/A | N/A |
| Aether Holdings, Inc. Common Stock (ATHR)vs › | $38.98M | 0.60% | N/A | N/A | N/A |
| SAIHEAT Limited (SAIH)vs › | $43.88M | 0.33% | N/A | N/A | N/A |
| GameSquare Holdings Inc. (GAME)vs › | $38.38M | 0.23% | N/A | N/A | N/A |
| Health In Tech, Inc. (HIT)vs › | $44.16M | 0.00% | N/A | N/A | N/A |
| Comtech Telecommunications Corp. (CMTL)vs › | $37.75M | 0.36% | N/A | N/A | N/A |
Debt/Assets
1.8%
Debt/Equity
0.02
Current Ratio
6.92
Interest Coverage
N/A
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-07-31 | 1.80% |
| 2026-04-30 | 1.79% |
| 2026-01-31 | 2.22% |
| 2025-10-31 | 2.68% |
| 2025-07-31 | 2.35% |
| 2025-04-30 | 3.37% |
| 2025-01-31 | 3.59% |
| 2024-10-31 | 4.23% |
| 2024-07-31 | 4.58% |
| 2024-04-30 | 4.95% |
| 2024-01-31 | 3.95% |
| 2023-10-31 | 5.08% |
| 2023-07-31 | 14.52% |
| 2023-04-30 | 14.48% |
| 2023-01-31 | 5.32% |
| 2022-10-31 | 5.27% |
| 2022-07-31 | 5.63% |
| 2022-04-30 | 4.05% |
| 2022-01-31 | 4.37% |
| 2021-10-31 | 4.03% |
| 2021-07-31 | 4.35% |
| 2021-04-30 | 3.20% |
| 2021-01-31 | 5.84% |
| 2020-10-31 | 7.28% |
| 2020-07-31 | 7.46% |
| 2020-04-30 | 3.82% |
| 2020-01-31 | 3.95% |
| 2019-10-31 | 3.93% |
| 2019-07-31 | 4.34% |
| 2019-04-30 | 4.68% |
| 2019-01-31 | 0.00% |
| 2018-10-31 | 0.00% |
| 2018-07-31 | 0.00% |
| 2018-04-30 | 0.00% |
| 2018-01-31 | 0.00% |
| 2017-10-31 | 0.00% |
| 2017-07-31 | 0.00% |
| 2017-04-30 | 0.00% |
| 2017-01-31 | 6.73% |
| 2016-10-31 | 8.31% |
| 2016-07-31 | 8.33% |
| 2016-04-30 | 14.02% |
| 2016-01-31 | 15.20% |
| 2015-10-31 | 8.09% |
| 2015-07-31 | 8.94% |
| 2015-04-30 | 11.54% |
| 2015-01-31 | 14.67% |
| 2014-10-31 | 16.68% |
| 2014-07-31 | 12.02% |
| 2014-04-30 | 7.78% |
| 2014-01-31 | 10.81% |
| 2013-10-31 | 1.72% |
| 2013-07-31 | 0.15% |
| 2013-04-30 | 1.23% |
| 2013-01-31 | 2.30% |
| 2012-10-31 | 7.03% |
| 2012-07-31 | 6.57% |
| 2012-04-30 | 9.52% |
| 2012-01-31 | 7.15% |
| 2011-10-31 | 3.39% |
| 2011-07-31 | 2.28% |
| 2011-04-30 | 14.33% |
| 2011-01-31 | 19.22% |
| 2010-10-31 | 12.64% |
| 2010-07-31 | 8.95% |
| 2010-04-30 | 15.97% |
| 2010-01-31 | 13.64% |
| 2009-10-31 | 10.70% |
| 2009-07-31 | 6.98% |
| 2009-04-30 | 6.36% |
| 2009-01-31 | 5.71% |
| 2008-10-31 | 8.17% |
| 2008-07-31 | 1.82% |
| 2008-04-30 | 4.85% |
| 2008-01-31 | 1.44% |
| 2007-10-31 | 1.66% |
| 2007-07-31 | 1.90% |
| 2007-04-30 | 3.85% |
| 2007-01-31 | 3.60% |
| 2006-10-31 | 4.04% |
| 2006-07-31 | 4.65% |
| 2006-04-30 | 4.73% |
| 2006-01-31 | 5.21% |
| 2005-10-31 | 6.23% |
| 2005-07-31 | 6.73% |
| 2005-04-30 | 0.87% |
| 2005-01-31 | 2.22% |
| 2004-10-31 | 7.68% |
| 2004-07-31 | 9.04% |
| 2004-04-30 | 12.49% |
| 2004-01-31 | 14.53% |
| 2003-10-31 | 14.99% |
| 2003-07-31 | 13.94% |
| 2003-04-30 | 13.82% |
| 2003-01-31 | 15.14% |
| 2002-10-31 | 16.18% |
