Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 4.25 is 66% above its 5-year average of 2.55, near the high end of its 5-year range (1.10–4.55).
As of the fiscal period ended Tuesday, June 30, 2026. 25.23% above its 12-month average of 3.39.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
4.25
DEBT TO EQUITY RATIO AVG TTM
3.39
DEBT TO EQUITY RATIO AVG 3Y
3.28
DEBT TO EQUITY RATIO AVG 5Y
2.55
DEBT TO EQUITY RATIO AVG 10Y
2.03
DEBT TO EQUITY RATIO AVG 15Y
1.42
DEBT TO EQUITY RATIO AVG 20Y
1.01
CURRENT VS TTM AVG
+25.23%
CURRENT VS 3Y AVG
+29.54%
CURRENT VS 5Y AVG
+66.47%
CURRENT VS 10Y AVG
+109.67%
CURRENT VS 15Y AVG
+199.32%
CURRENT VS 20Y AVG
+320.53%
SECTOR MEDIAN · INDUSTRIALS
0.59
median of 149 covered companies
CURRENT VS SECTOR MEDIAN
+620.63%
vs the sector median at left
Market Cap
$84.56B
Debt to Equity Ratio
0.68
TTM Avg
0.54
3Y Avg
0.63
5Y Avg
0.70
Market Cap
$84.53B
Debt to Equity Ratio
1.90
TTM Avg
1.76
3Y Avg
1.56
5Y Avg
8.38
Market Cap
$86.11B
Debt to Equity Ratio
2.35
TTM Avg
2.59
3Y Avg
2.43
5Y Avg
2.24
Market Cap
$80.37B
Debt to Equity Ratio
1.74
TTM Avg
3.31
3Y Avg
3.13
5Y Avg
4.82
Market Cap
$79.75B
Debt to Equity Ratio
0.53
TTM Avg
0.55
3Y Avg
0.60
5Y Avg
0.67
Market Cap
$79.49B
Debt to Equity Ratio
0.54
TTM Avg
0.49
3Y Avg
0.51
5Y Avg
0.67
Market Cap
$93.71B
Debt to Equity Ratio
0.79
TTM Avg
0.67
3Y Avg
0.87
5Y Avg
1.03
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| 3M Company (MMM) | $84.94B | 4.25 | 3.39 | 3.28 | 2.55 |
| Emerson Electric Co. (EMR)vs › | $84.56B | 0.68 | 0.54 | 0.63 | 0.70 |
| United Parcel Service, Inc. (UPS)vs › | $84.53B | 1.90 | 1.76 | 1.56 | 8.38 |
| Waste Management, Inc. (WM)vs › | $86.11B | 2.35 | 2.59 | 2.43 | 2.24 |
| Bloom Energy Corporation (BE)vs › | $80.37B | 1.74 | 3.31 | 3.13 | 4.82 |
| CSX Corporation (CSX)vs › | $89.69B | 1.37 | 1.50 | 1.51 | 1.44 |
| Cintas Corporation (CTAS)vs › | $79.75B | 0.53 | 0.55 | 0.60 | 0.67 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $79.49B | 0.54 | 0.49 | 0.51 | 0.67 |
| Howmet Aerospace Inc. (HWM)vs › | $93.71B | 0.79 | 0.67 | 0.87 | 1.03 |
| Illinois Tool Works Inc. (ITW)vs › | $76.06B | 3.35 | 2.61 | 2.64 | 2.56 |
Debt/Equity
4.25
Current Ratio
1.24
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 4.25 |
| 2026-03-31 | 3.85 |
| 2025-12-31 | 2.75 |
| 2025-09-30 | 2.92 |
| 2025-06-30 | 3.20 |
| 2025-03-31 | 3.15 |
| 2024-12-31 | 3.56 |
| 2024-09-30 | 2.97 |
| 2024-06-30 | 3.50 |
| 2024-03-31 | 4.55 |
| 2023-12-31 | 3.48 |
| 2023-09-30 | 3.60 |
| 2023-06-30 | 2.15 |
| 2023-03-31 | 1.10 |
| 2022-12-31 | 1.14 |
| 2022-09-30 | 1.17 |
| 2022-06-30 | 1.25 |
| 2022-03-31 | 1.18 |
| 2021-12-31 | 1.22 |
| 2021-09-30 | 1.31 |
| 2021-06-30 | 1.32 |
| 2021-03-31 | 1.39 |
| 2020-12-31 | 1.54 |
| 2020-09-30 | 1.72 |
| 2020-06-30 | 1.99 |
| 2020-03-31 | 2.30 |
| 2019-12-31 | 2.11 |
| 2019-09-30 | 1.89 |
| 2019-06-30 | 1.65 |
| 2019-03-31 | 1.77 |
| 2018-12-31 | 1.50 |
| 2018-09-30 | 1.45 |
| 2018-06-30 | 1.40 |
| 2018-03-31 | 1.43 |
| 2017-12-31 | 1.21 |
| 2017-09-30 | 0.96 |
| 2017-06-30 | 0.97 |
| 2017-03-31 | 1.07 |
| 2016-12-31 | 1.14 |
| 2016-09-30 | 1.03 |
| 2016-06-30 | 0.99 |
| 2016-03-31 | 0.95 |
| 2015-12-31 | 0.95 |
| 2015-09-30 | 0.92 |
| 2015-06-30 | 0.65 |
| 2015-03-31 | 0.47 |
| 2014-12-31 | 0.52 |
| 2014-09-30 | 0.45 |
| 2014-06-30 | 0.40 |
| 2014-03-31 | 0.38 |
| 2013-12-31 | 0.35 |
| 2013-09-30 | 0.32 |
| 2013-06-30 | 0.33 |
| 2013-03-31 | 0.33 |
| 2012-12-31 | 0.35 |
| 2012-09-30 | 0.36 |
| 2012-06-30 | 0.38 |
| 2012-03-31 | 0.32 |
| 2011-12-31 | 0.34 |
| 2011-09-30 | 0.36 |
| 2011-06-30 | 0.32 |
| 2011-03-31 | 0.34 |
| 2010-12-31 | 0.35 |
| 2010-09-30 | 0.36 |
| 2010-06-30 | 0.40 |
| 2010-03-31 | 0.43 |
| 2009-12-31 | 0.46 |
| 2009-09-30 | 0.50 |
| 2009-06-30 | 0.56 |
| 2009-03-31 | 0.62 |
| 2008-12-31 | 0.69 |
| 2008-09-30 | 0.58 |
| 2008-06-30 | 0.48 |
| 2008-03-31 | 0.50 |
| 2007-12-31 | 0.42 |
| 2007-09-30 | 0.48 |
| 2007-06-30 | 0.43 |
| 2007-03-31 | 0.46 |
| 2006-12-31 | 0.36 |
| 2006-09-30 | 0.35 |
| 2006-06-30 | 0.24 |
| 2006-03-31 | 0.24 |
| 2005-12-31 | 0.23 |
| 2005-09-30 | 0.32 |
| 2005-06-30 | 0.18 |
| 2005-03-31 | 0.28 |
| 2004-12-31 | 0.28 |
| 2004-09-30 | 0.31 |
| 2004-06-30 | 0.31 |
| 2004-03-31 | 0.35 |
| 2003-12-31 | 0.38 |
| 2003-09-30 | 0.40 |
| 2003-06-30 | 0.43 |
| 2003-03-31 | 0.53 |
| 2002-12-31 | 0.56 |
| 2002-09-30 | 0.44 |