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 28.64% is in line with its 5-year average of 27.01%, around the middle of its 5-year range (16.47%–38.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.75% below its 12-month average of 31.05%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
28.64%
DEBT TO ASSETS RATIO AVG TTM
31.05%
DEBT TO ASSETS RATIO AVG 3Y
33.48%
DEBT TO ASSETS RATIO AVG 5Y
27.01%
DEBT TO ASSETS RATIO AVG 10Y
27.36%
DEBT TO ASSETS RATIO AVG 15Y
27.06%
DEBT TO ASSETS RATIO AVG 20Y
20.99%
CURRENT VS TTM AVG
-7.75%
CURRENT VS 3Y AVG
-14.45%
CURRENT VS 5Y AVG
+6.04%
CURRENT VS 10Y AVG
+4.66%
CURRENT VS 15Y AVG
+5.84%
CURRENT VS 20Y AVG
+36.46%
SECTOR MEDIAN · HEALTHCARE
0.29%
median of 84 covered companies
CURRENT VS SECTOR MEDIAN
+9948.88%
vs the sector median at left
Merit Medical Systems, Inc.
Market Cap
$5.35B
Debt to Assets Ratio
28.64%
TTM Avg
31.05%
3Y Avg
33.48%
5Y Avg
27.01%
Market Cap
$7.06B
Debt to Assets Ratio
0.43%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.17B
Debt to Assets Ratio
0.59%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.21B
Debt to Assets Ratio
0.44%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.16B
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merit Medical Systems, Inc. (MMSI) | $5.35B | 28.64% | 31.05% | 33.48% | 27.01% |
| Doximity, Inc. (DOCS)vs › | $4.79B | 0.01% | N/A | N/A | N/A |
| Chemed Corporation (CHE)vs › | $6.80B | 0.21% | N/A | N/A | N/A |
| Hims & Hers Health, Inc. (HIMS)vs › | $7.06B | 0.43% | N/A | N/A | N/A |
| TransMedics Group, Inc. (TMDX)vs › | $3.17B | 0.59% | N/A | N/A | N/A |
| Oscar Health, Inc. (OSCR)vs › | $7.79B | 0.04% | N/A | N/A | N/A |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $2.21B | 0.44% | N/A | N/A | N/A |
| Teladoc Health, Inc. (TDOC)vs › | $1.16B | 0.38% | N/A | N/A | N/A |
| Insulet Corp. (PODD)vs › | $9.93B | 0.30% | N/A | N/A | N/A |
| The Ensign Group, Inc. (ENSG)vs › | $10.11B | 0.39% | N/A | N/A | N/A |
Debt/Assets
28.6%
Debt/Equity
0.49
Current Ratio
4.20
Interest Coverage
7.0x
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 | 28.64% |
| 2026-03-31 | 30.21% |
| 2025-12-31 | 33.44% |
| 2025-09-30 | 31.21% |
| 2025-06-30 | 31.73% |
| 2025-03-31 | 33.13% |
| 2024-12-31 | 32.86% |
| 2024-09-30 | 34.45% |
| 2024-06-30 | 36.73% |
| 2024-03-31 | 37.52% |
| 2023-12-31 | 38.33% |
| 2023-09-30 | 19.64% |
| 2023-06-30 | 22.15% |
| 2023-03-31 | 16.47% |
| 2022-12-31 | 16.81% |
| 2022-09-30 | 18.21% |
| 2022-06-30 | 20.02% |
| 2022-03-31 | 20.46% |
| 2021-12-31 | 19.76% |
| 2021-09-30 | 22.18% |
| 2021-06-30 | 23.24% |
| 2021-03-31 | 24.99% |
| 2020-12-31 | 26.91% |
| 2020-09-30 | 27.10% |
| 2020-06-30 | 29.60% |
| 2020-03-31 | 30.91% |
| 2019-12-31 | 29.80% |
| 2019-09-30 | 30.39% |
| 2019-06-30 | 28.55% |
| 2019-03-31 | 27.71% |
| 2018-12-31 | 24.39% |
| 2018-09-30 | 15.95% |
| 2018-06-30 | 32.03% |
| 2018-03-31 | 31.24% |
| 2017-12-31 | 25.05% |
| 2017-09-30 | 25.57% |
| 2017-06-30 | 23.00% |
| 2017-03-31 | 23.39% |
| 2016-12-31 | 34.41% |
| 2016-09-30 | 35.29% |
| 2016-06-30 | 28.43% |
| 2016-03-31 | 28.43% |
| 2015-12-31 | 26.66% |
| 2015-09-30 | 27.37% |
| 2015-06-30 | 27.78% |
| 2015-03-31 | 28.77% |
| 2014-12-31 | 30.05% |
| 2014-09-30 | 32.26% |
| 2014-06-30 | 33.38% |
| 2014-03-31 | 34.30% |
| 2013-12-31 | 34.17% |
| 2013-09-30 | 34.97% |
| 2013-06-30 | 35.26% |
| 2013-03-31 | 35.70% |
| 2012-12-31 | 33.68% |
| 2012-09-30 | 13.98% |
| 2012-06-30 | 12.93% |
| 2012-03-31 | 12.30% |
| 2011-12-31 | 7.60% |
| 2011-09-30 | 1.34% |
| 2011-06-30 | 12.00% |
| 2011-03-31 | 21.70% |
| 2010-12-31 | 22.43% |
| 2010-09-30 | 24.17% |
| 2010-06-30 | 0.09% |
| 2010-03-31 | 2.35% |
| 2009-12-31 | 2.70% |
| 2009-09-30 | 0.17% |
| 2009-06-30 | 0.15% |
| 2009-03-31 | 0.16% |
| 2008-12-31 | 0.16% |
| 2008-09-30 | 0.00% |
| 2008-06-30 | 0.17% |
| 2008-03-31 | 0.18% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 0.23% |
| 2007-06-30 | 0.28% |
| 2007-03-31 | 0.09% |
| 2006-12-31 | 0.11% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.01% |
| 2005-03-31 | 0.01% |
| 2004-12-31 | 0.01% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 0.02% |
| 2003-09-30 | 0.09% |
| 2003-06-30 | 0.22% |
| 2003-03-31 | 0.36% |
| 2002-12-31 | 0.53% |
| 2002-09-30 | 0.73% |