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 23.96% is 24% below its 5-year average of 31.48%, near the low end of its 5-year range (21.69%–36.54%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.28% below its 12-month average of 28.97%.
Reported quarterly debt to assets ratio; no daily interpolation. Q1 FY2027 (2026-06-30): 23.96%.
DEBT TO ASSETS RATIO
23.96%
DEBT TO ASSETS RATIO AVG TTM
28.97%
DEBT TO ASSETS RATIO AVG 3Y
29.91%
DEBT TO ASSETS RATIO AVG 5Y
31.48%
DEBT TO ASSETS RATIO AVG 10Y
32.84%
DEBT TO ASSETS RATIO AVG 15Y
27.35%
DEBT TO ASSETS RATIO AVG 20Y
25.56%
CURRENT VS TTM AVG
-17.28%
CURRENT VS 3Y AVG
-19.88%
CURRENT VS 5Y AVG
-23.87%
CURRENT VS 10Y AVG
-27.04%
CURRENT VS 15Y AVG
-12.37%
CURRENT VS 20Y AVG
-6.24%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 165 covered companies
CURRENT VS SECTOR MEDIAN
+8775.69%
vs the sector median at left
Modine Manufacturing Company
Market Cap
$9.46B
Debt to Assets Ratio
23.96%
TTM Avg
28.97%
3Y Avg
29.91%
5Y Avg
31.48%
Market Cap
$9.24B
Debt to Assets Ratio
0.25%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$10.58B
Debt to Assets Ratio
0.23%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$10.64B
Debt to Assets Ratio
0.35%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$8.10B
Debt to Assets Ratio
0.55%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Modine Manufacturing Company (MOD) | $9.46B | 23.96% | 28.97% | 29.91% | 31.48% |
| Saia, Inc. (SAIA)vs › | $9.37B | 0.07% | N/A | N/A | N/A |
| Valmont Industries, Inc. (VMI)vs › | $9.24B | 0.25% | N/A | N/A | N/A |
| Leonardo DRS, Inc. (DRS)vs › | $9.82B | 0.06% | N/A | N/A | N/A |
| The Timken Company (TKR)vs › | $8.51B | 0.30% | N/A | N/A | N/A |
| Pentair plc (PNR)vs › | $8.47B | 0.26% | N/A | N/A | N/A |
| Huntington Ingalls Industries, Inc. (HII)vs › | $10.58B | 0.23% | N/A | N/A | N/A |
| Regal Rexnord Corporation (RRX)vs › | $10.64B | 0.35% | N/A | N/A | N/A |
| Booz Allen Hamilton Holding Corporation (BAH)vs › | $8.10B | 0.55% | N/A | N/A | N/A |
| Kratos Defense & Security Solutions, Inc. (KTOS)vs › | $8.08B | 0.05% | N/A | N/A | N/A |
Debt/Assets
24.0%
Debt/Equity
0.56
Current Ratio
2.04
Interest Coverage
11.1x
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 | 23.96% |
| 2026-03-31 | 21.69% |
| 2025-12-31 | 34.92% |
| 2025-09-30 | 32.53% |
| 2025-06-30 | 31.74% |
| 2025-03-31 | 27.64% |
| 2024-12-31 | 29.92% |
| 2024-09-30 | 29.94% |
| 2024-06-30 | 32.36% |
| 2024-03-31 | 30.85% |
| 2023-12-31 | 28.21% |
| 2023-09-30 | 27.99% |
| 2023-06-30 | 28.86% |
| 2023-03-31 | 29.52% |
| 2022-12-31 | 33.23% |
| 2022-09-30 | 33.55% |
| 2022-06-30 | 33.97% |
| 2022-03-31 | 33.14% |
| 2021-12-31 | 35.25% |
| 2021-09-30 | 36.54% |
| 2021-06-30 | 35.44% |
| 2021-03-31 | 34.10% |
| 2020-12-31 | 35.88% |
| 2020-09-30 | 34.38% |
| 2020-06-30 | 39.76% |
| 2020-03-31 | 38.66% |
| 2019-12-31 | 36.78% |
| 2019-09-30 | 37.17% |
| 2019-06-30 | 35.69% |
| 2019-03-31 | 29.24% |
| 2018-12-31 | 30.90% |
| 2018-09-30 | 30.84% |
| 2018-06-30 | 32.40% |
| 2018-03-31 | 30.47% |
| 2017-12-31 | 32.35% |
| 2017-09-30 | 32.87% |
| 2017-06-30 | 34.90% |
| 2017-03-31 | 35.25% |
| 2016-12-31 | 36.89% |
| 2016-09-30 | 18.75% |
| 2016-06-30 | 18.51% |
| 2016-03-31 | 17.66% |
| 2015-12-31 | 16.68% |
| 2015-09-30 | 15.99% |
| 2015-06-30 | 15.98% |
| 2015-03-31 | 15.96% |
| 2014-12-31 | 15.92% |
| 2014-09-30 | 15.79% |
| 2014-06-30 | 15.50% |
| 2014-03-31 | 15.93% |
| 2013-12-31 | 18.92% |
| 2013-09-30 | 18.88% |
| 2013-06-30 | 20.25% |
| 2013-03-31 | 19.98% |
| 2012-12-31 | 20.60% |
| 2012-09-30 | 19.59% |
| 2012-06-30 | 21.15% |
| 2012-03-31 | 18.39% |
| 2011-12-31 | 19.52% |
| 2011-09-30 | 19.02% |
| 2011-06-30 | 19.51% |
| 2011-03-31 | 16.10% |
| 2010-12-31 | 17.88% |
| 2010-09-30 | 18.93% |
| 2010-06-30 | 19.26% |
| 2010-03-31 | 16.57% |
| 2009-12-31 | 16.12% |
| 2009-09-30 | 19.12% |
| 2009-06-30 | 28.73% |
| 2009-03-31 | 29.25% |
| 2008-12-31 | 26.34% |
| 2008-09-30 | 23.78% |
| 2008-06-30 | 19.54% |
| 2008-03-31 | 20.14% |
| 2007-12-26 | 19.98% |
| 2007-09-26 | 18.33% |
| 2007-06-26 | 17.35% |
| 2007-03-31 | 16.28% |
| 2006-12-26 | 16.09% |
| 2006-09-26 | 16.65% |
| 2006-06-26 | 16.49% |
| 2006-03-31 | 15.00% |
| 2005-12-26 | 14.19% |
| 2005-09-26 | 14.97% |
| 2005-06-26 | 11.96% |
| 2005-03-31 | 9.17% |
| 2004-12-26 | 11.17% |
| 2004-09-26 | 13.05% |
| 2004-06-26 | 8.83% |
| 2004-03-31 | 8.98% |
| 2003-12-26 | 10.72% |
| 2003-09-26 | 11.37% |
| 2003-06-18 | 11.98% |
| 2003-03-31 | 12.21% |
| 2002-12-26 | 12.79% |
| 2002-09-26 | 12.64% |
