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 35.94% is in line with its 5-year average of 35.98%, around the middle of its 5-year range (31.57%–40.11%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.08% above its 12-month average of 35.55%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 35.94%.
DEBT TO ASSETS RATIO
35.94%
DEBT TO ASSETS RATIO AVG TTM
35.55%
DEBT TO ASSETS RATIO AVG 3Y
34.49%
DEBT TO ASSETS RATIO AVG 5Y
35.98%
DEBT TO ASSETS RATIO AVG 10Y
37.71%
DEBT TO ASSETS RATIO AVG 15Y
32.75%
DEBT TO ASSETS RATIO AVG 20Y
29.75%
CURRENT VS TTM AVG
+1.08%
CURRENT VS 3Y AVG
+4.19%
CURRENT VS 5Y AVG
-0.12%
CURRENT VS 10Y AVG
-4.69%
CURRENT VS 15Y AVG
+9.74%
CURRENT VS 20Y AVG
+20.80%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+13461.52%
vs the sector median at left
3M Company
Market Cap
$85.07B
Debt to Assets Ratio
35.94%
TTM Avg
35.55%
3Y Avg
34.49%
5Y Avg
35.98%
Market Cap
$85.18B
Debt to Assets Ratio
0.40%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$85.32B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$81.22B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$78.44B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$91.87B
Debt to Assets Ratio
0.34%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| 3M Company (MMM) | $85.07B | 35.94% | 35.55% | 34.49% | 35.98% |
| United Parcel Service, Inc. (UPS)vs › | $85.18B | 0.40% | N/A | N/A | N/A |
| Emerson Electric Co. (EMR)vs › | $85.22B | 0.33% | N/A | N/A | N/A |
| Waste Management, Inc. (WM)vs › | $85.32B | 0.50% | N/A | N/A | N/A |
| Bloom Energy Corporation (BE)vs › | $81.22B | 0.50% | N/A | N/A | N/A |
| Cintas Corporation (CTAS)vs › | $80.63B | 0.26% | N/A | N/A | N/A |
| CSX Corporation (CSX)vs › | $90.68B | 0.43% | N/A | N/A | N/A |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.44B | 0.28% | N/A | N/A | N/A |
| Howmet Aerospace Inc. (HWM)vs › | $91.87B | 0.34% | N/A | N/A | N/A |
| Illinois Tool Works Inc. (ITW)vs › | $77.15B | 0.59% | N/A | N/A | N/A |
Debt/Assets
35.9%
Debt/Equity
4.25
Current Ratio
1.24
Interest Coverage
6.3x
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 |
|---|---|
| 2026-06-30 | 35.94% |
| 2026-03-31 | 35.43% |
| 2025-12-31 | 34.28% |
| 2025-09-30 | 35.99% |
| 2025-06-30 | 36.13% |
| 2025-03-31 | 35.21% |
| 2024-12-31 | 34.26% |
| 2024-09-30 | 33.76% |
| 2024-06-30 | 31.57% |
| 2024-03-31 | 40.11% |
| 2023-12-31 | 33.12% |
| 2023-09-30 | 33.85% |
| 2023-06-30 | 34.37% |
| 2023-03-31 | 35.94% |
| 2022-12-31 | 36.28% |
| 2022-09-30 | 35.77% |
| 2022-06-30 | 37.51% |
| 2022-03-31 | 38.27% |
| 2021-12-31 | 38.90% |
| 2021-09-30 | 39.37% |
| 2021-06-30 | 39.58% |
| 2021-03-31 | 40.40% |
| 2020-12-31 | 41.72% |
| 2020-09-30 | 45.06% |
| 2020-06-30 | 47.95% |
| 2020-03-31 | 50.51% |
| 2019-12-31 | 47.65% |
| 2019-09-30 | 47.62% |
| 2019-06-30 | 42.78% |
| 2019-03-31 | 43.83% |
| 2018-12-31 | 40.27% |
| 2018-09-30 | 39.83% |
| 2018-06-30 | 39.48% |
| 2018-03-31 | 40.60% |
| 2017-12-31 | 36.88% |
| 2017-09-30 | 33.10% |
| 2017-06-30 | 33.28% |
| 2017-03-31 | 35.18% |
| 2016-12-31 | 35.54% |
| 2016-09-30 | 36.30% |
| 2016-06-30 | 35.35% |
| 2016-03-31 | 33.77% |
| 2015-12-31 | 33.14% |
| 2015-09-30 | 33.84% |
| 2015-06-30 | 27.13% |
| 2015-03-31 | 21.51% |
| 2014-12-31 | 21.97% |
| 2014-09-30 | 22.41% |
| 2014-06-30 | 20.53% |
| 2014-03-31 | 19.61% |
| 2013-12-31 | 18.08% |
| 2013-09-30 | 17.19% |
| 2013-06-30 | 17.42% |
| 2013-03-31 | 17.44% |
| 2012-12-31 | 17.92% |
| 2012-09-30 | 18.44% |
| 2012-06-30 | 18.92% |
| 2012-03-31 | 16.16% |
| 2011-12-31 | 16.59% |
| 2011-09-30 | 19.18% |
| 2011-06-30 | 17.35% |
| 2011-03-31 | 18.05% |
| 2010-12-31 | 18.39% |
| 2010-09-30 | 19.15% |
| 2010-06-30 | 19.92% |
| 2010-03-31 | 20.62% |
| 2009-12-31 | 21.35% |
| 2009-09-30 | 22.17% |
| 2009-06-30 | 23.30% |
| 2009-03-31 | 24.76% |
| 2008-12-31 | 26.52% |
| 2008-09-30 | 25.48% |
| 2008-06-30 | 21.96% |
| 2008-03-31 | 23.09% |
| 2007-12-31 | 20.20% |
| 2007-09-30 | 21.47% |
| 2007-06-30 | 19.44% |
| 2007-03-31 | 20.24% |
| 2006-12-31 | 16.99% |
| 2006-09-30 | 16.75% |
| 2006-06-30 | 12.30% |
| 2006-03-31 | 12.19% |
| 2005-12-31 | 11.89% |
| 2005-09-30 | 15.30% |
| 2005-06-30 | 9.25% |
| 2005-03-31 | 14.01% |
| 2004-12-31 | 13.97% |
| 2004-09-30 | 14.73% |
| 2004-06-30 | 14.49% |
| 2004-03-31 | 15.71% |
| 2003-12-31 | 17.09% |
| 2003-09-30 | 17.82% |
| 2003-06-30 | 18.24% |
| 2003-03-31 | 20.95% |
| 2002-12-31 | 22.04% |
| 2002-09-30 | 18.70% |
