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 41.53% is 31% above its 5-year average of 31.82%, near the high end of its 5-year range (28.28%–41.53%).
As of the fiscal period ended Tuesday, June 30, 2026. 16.21% above its 12-month average of 35.74%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
41.53%
DEBT TO ASSETS RATIO AVG TTM
35.74%
DEBT TO ASSETS RATIO AVG 3Y
33.37%
DEBT TO ASSETS RATIO AVG 5Y
31.82%
DEBT TO ASSETS RATIO AVG 10Y
31.00%
DEBT TO ASSETS RATIO AVG 15Y
28.38%
DEBT TO ASSETS RATIO AVG 20Y
25.08%
CURRENT VS TTM AVG
+16.21%
CURRENT VS 3Y AVG
+24.46%
CURRENT VS 5Y AVG
+30.53%
CURRENT VS 10Y AVG
+33.96%
CURRENT VS 15Y AVG
+46.35%
CURRENT VS 20Y AVG
+65.59%
SECTOR MEDIAN · HEALTHCARE
0.28%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+14731.93%
vs the sector median at left
Merck & Co., Inc.
Market Cap
$367.11B
Debt to Assets Ratio
41.53%
TTM Avg
35.74%
3Y Avg
33.37%
5Y Avg
31.82%
Market Cap
$363.90B
Debt to Assets Ratio
0.24%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$224.41B
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 |
|---|---|---|---|---|---|
| Merck & Co., Inc. (MRK) | $367.11B | 41.53% | 35.74% | 33.37% | 31.82% |
| UnitedHealth Group Incorporated (UNH)vs › | $363.90B | 0.24% | N/A | N/A | N/A |
| Roche Holding AG (RHHBY)vs › | $345.25B | 0.32% | N/A | N/A | N/A |
| AbbVie Inc. (ABBV)vs › | $441.91B | 0.52% | N/A | N/A | N/A |
| AstraZeneca PLC (AZN)vs › | $248.17B | 0.28% | N/A | N/A | N/A |
| Thermo Fisher Scientific Inc. (TMO)vs › | $224.41B | 0.38% | N/A | N/A | N/A |
| Amgen Inc. (AMGN)vs › | $213.25B | 0.60% | N/A | N/A | N/A |
| Novo Nordisk A/S (NVO)vs › | $201.16B | 0.24% | N/A | N/A | N/A |
| Abbott Laboratories (ABT)vs › | $182.73B | 0.30% | N/A | N/A | N/A |
| Gilead Sciences, Inc. (GILD)vs › | $182.21B | 0.53% | N/A | N/A | N/A |
Debt/Assets
41.5%
Debt/Equity
1.29
Current Ratio
1.32
Interest Coverage
17.3x
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 | 41.53% |
| 2026-03-31 | 38.17% |
| 2025-12-31 | 36.92% |
| 2025-09-30 | 31.94% |
| 2025-06-30 | 30.12% |
| 2025-03-31 | 30.27% |
| 2024-12-31 | 32.68% |
| 2024-09-30 | 32.44% |
| 2024-06-30 | 33.55% |
| 2024-03-31 | 32.33% |
| 2023-12-31 | 34.00% |
| 2023-09-30 | 32.66% |
| 2023-06-30 | 35.33% |
| 2023-03-31 | 28.52% |
| 2022-12-31 | 29.30% |
| 2022-09-30 | 28.41% |
| 2022-06-30 | 29.57% |
| 2022-03-31 | 29.81% |
| 2021-12-31 | 32.77% |
| 2021-09-30 | 28.28% |
| 2021-06-30 | 29.24% |
| 2021-03-31 | 34.40% |
| 2020-12-31 | 36.49% |
| 2020-09-30 | 32.01% |
| 2020-06-30 | 34.07% |
| 2020-03-31 | 32.97% |
| 2019-12-31 | 32.41% |
| 2019-09-30 | 32.53% |
| 2019-06-30 | 32.86% |
| 2019-03-31 | 32.75% |
| 2018-12-31 | 30.39% |
| 2018-09-30 | 27.71% |
| 2018-06-30 | 27.44% |
| 2018-03-31 | 27.38% |
| 2017-12-31 | 27.78% |
| 2017-09-30 | 29.45% |
| 2017-06-30 | 26.82% |
| 2017-03-31 | 29.49% |
| 2016-12-31 | 26.05% |
| 2016-09-30 | 25.57% |
| 2016-06-30 | 25.17% |
| 2016-03-31 | 26.09% |
| 2015-12-31 | 25.98% |
| 2015-09-30 | 26.34% |
| 2015-06-30 | 25.88% |
| 2015-03-31 | 27.91% |
| 2014-12-31 | 21.80% |
| 2014-09-30 | 27.35% |
| 2014-06-30 | 23.57% |
| 2014-03-31 | 25.95% |
| 2013-12-31 | 23.72% |
| 2013-09-30 | 25.02% |
| 2013-06-30 | 26.30% |
| 2013-03-31 | 19.61% |
| 2012-12-31 | 19.38% |
| 2012-09-30 | 18.44% |
| 2012-06-30 | 17.99% |
| 2012-03-31 | 17.21% |
| 2011-12-31 | 16.66% |
| 2011-09-30 | 17.03% |
| 2011-06-30 | 17.24% |
| 2011-03-31 | 16.86% |
| 2010-12-31 | 16.90% |
| 2010-09-30 | 16.83% |
| 2010-06-30 | 16.94% |
| 2010-03-31 | 17.12% |
| 2009-12-31 | 15.56% |
| 2009-09-30 | 18.61% |
| 2009-06-30 | 21.62% |
| 2009-03-31 | 14.48% |
| 2008-12-31 | 13.22% |
| 2008-09-30 | 14.28% |
| 2008-06-30 | 10.78% |
| 2008-03-31 | 9.32% |
| 2007-12-31 | 11.87% |
| 2007-09-30 | 12.79% |
| 2007-06-30 | 14.27% |
| 2007-03-31 | 15.06% |
| 2006-12-31 | 15.34% |
| 2006-09-30 | 13.69% |
| 2006-06-30 | 14.86% |
| 2006-03-31 | 15.47% |
| 2005-12-31 | 18.06% |
| 2005-09-30 | 16.69% |
| 2005-06-30 | 16.66% |
| 2005-03-31 | 16.86% |
| 2004-12-31 | 16.14% |
| 2004-09-30 | 15.36% |
| 2004-06-30 | 15.78% |
| 2004-03-31 | 16.50% |
| 2003-12-31 | 16.74% |
| 2003-09-30 | 22.71% |
| 2003-06-30 | 20.32% |
| 2003-03-31 | 20.04% |
| 2002-12-31 | 17.97% |
| 2002-09-30 | 20.52% |
