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 31.32% is 12% above its 5-year average of 28.07%, near the high end of its 5-year range (24.44%–33.48%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.76% above its 12-month average of 30.48%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
31.32%
DEBT TO ASSETS RATIO AVG TTM
30.48%
DEBT TO ASSETS RATIO AVG 3Y
30.06%
DEBT TO ASSETS RATIO AVG 5Y
28.07%
DEBT TO ASSETS RATIO AVG 10Y
28.56%
DEBT TO ASSETS RATIO AVG 15Y
28.94%
DEBT TO ASSETS RATIO AVG 20Y
39.37%
CURRENT VS TTM AVG
+2.76%
CURRENT VS 3Y AVG
+4.17%
CURRENT VS 5Y AVG
+11.55%
CURRENT VS 10Y AVG
+9.65%
CURRENT VS 15Y AVG
+8.21%
CURRENT VS 20Y AVG
-20.46%
SECTOR MEDIAN · FINANCIAL SERVICES
0.11%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+28369.97%
vs the sector median at left
Morgan Stanley
Market Cap
$341.18B
Debt to Assets Ratio
31.32%
TTM Avg
30.48%
3Y Avg
30.06%
5Y Avg
28.07%
Market Cap
$305.78B
Debt to Assets Ratio
0.35%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$266.04B
Debt to Assets Ratio
0.20%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$442.76B
Debt to Assets Ratio
0.21%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$220.22B
Debt to Assets Ratio
0.19%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$203.62B
Debt to Assets Ratio
0.14%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$185.86B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$500.69B
Debt to Assets Ratio
0.43%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Morgan Stanley (MS) | $341.18B | 31.32% | 30.48% | 30.06% | 28.07% |
| The Goldman Sachs Group, Inc. (GS)vs › | $305.78B | 0.35% | N/A | N/A | N/A |
| Wells Fargo & Company (WFC)vs › | $266.04B | 0.20% | N/A | N/A | N/A |
| Bank of America Corporation (BAC)vs › | $442.76B | 0.21% | N/A | N/A | N/A |
| Citigroup Inc. (C)vs › | $234.50B | 0.28% | N/A | N/A | N/A |
| American Express Company (AXP)vs › | $220.22B | 0.19% | N/A | N/A | N/A |
| The Toronto-Dominion Bank (TD)vs › | $203.62B | 0.14% | N/A | N/A | N/A |
| The Charles Schwab Corporation (SCHW)vs › | $185.86B | 0.07% | N/A | N/A | N/A |
| Mastercard Incorporated (MA)vs › | $500.69B | 0.43% | N/A | N/A | N/A |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $170.99B | N/A | N/A | N/A | N/A |
Debt/Assets
31.3%
Debt/Equity
4.75
Current Ratio
1.24
Interest Coverage
0.5x
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 | 31.32% |
| 2026-03-31 | 24.93% |
| 2025-12-31 | 33.48% |
| 2025-09-30 | 30.38% |
| 2025-06-30 | 32.28% |
| 2025-03-31 | 30.53% |
| 2024-12-31 | 29.67% |
| 2024-09-30 | 29.78% |
| 2024-06-30 | 29.53% |
| 2024-03-31 | 30.03% |
| 2023-12-31 | 28.40% |
| 2023-09-30 | 28.53% |
| 2023-06-30 | 26.84% |
| 2023-03-31 | 26.61% |
| 2022-12-31 | 26.16% |
| 2022-09-30 | 24.85% |
| 2022-06-30 | 25.52% |
| 2022-03-31 | 24.44% |
| 2021-12-31 | 25.70% |
| 2021-09-30 | 25.37% |
| 2021-06-30 | 25.22% |
| 2021-03-31 | 24.15% |
| 2020-12-31 | 25.41% |
| 2020-09-30 | 27.06% |
| 2020-06-30 | 27.68% |
| 2020-03-31 | 26.77% |
| 2019-12-31 | 29.21% |
| 2019-09-30 | 29.13% |
| 2019-06-30 | 30.51% |
| 2019-03-31 | 28.16% |
| 2018-12-31 | 29.16% |
| 2018-09-30 | 30.19% |
| 2018-06-30 | 28.86% |
| 2018-03-31 | 29.91% |
| 2017-12-31 | 30.56% |
| 2017-09-30 | 30.57% |
| 2017-06-30 | 32.56% |
| 2017-03-31 | 31.50% |
| 2016-12-31 | 30.89% |
| 2016-09-30 | 29.80% |
| 2016-06-30 | 29.36% |
| 2016-03-31 | 26.57% |
| 2015-12-31 | 28.12% |
| 2015-09-30 | 27.70% |
| 2015-06-30 | 28.88% |
| 2015-03-31 | 28.00% |
| 2014-12-31 | 29.58% |
| 2014-09-30 | 30.67% |
| 2014-06-30 | 33.47% |
| 2014-03-31 | 34.02% |
| 2013-12-31 | 37.90% |
| 2013-09-30 | 52.47% |
| 2013-06-30 | 54.67% |
| 2013-03-31 | 54.36% |
| 2012-12-31 | 39.71% |
| 2012-09-30 | 55.96% |
| 2012-06-30 | 39.18% |
| 2012-03-31 | 56.39% |
| 2011-12-31 | 50.98% |
| 2011-09-30 | 55.23% |
| 2011-06-30 | 58.02% |
| 2011-03-31 | 61.07% |
| 2010-12-31 | 53.82% |
| 2010-09-30 | 62.74% |
| 2010-06-30 | 61.40% |
| 2010-03-31 | 62.20% |
| 2009-12-31 | 56.05% |
| 2009-09-30 | 63.93% |
| 2009-06-30 | 57.95% |
| 2009-03-31 | 40.76% |
| 2008-11-30 | 48.84% |
| 2008-08-31 | 57.29% |
| 2008-05-31 | 59.07% |
| 2008-02-29 | 67.34% |
| 2007-11-30 | 43.11% |
| 2007-08-31 | 76.86% |
| 2007-05-31 | 77.32% |
| 2007-02-28 | 79.21% |
| 2006-11-30 | 50.59% |
| 2006-08-31 | 77.21% |
| 2006-05-31 | 31.34% |
| 2006-02-28 | 31.30% |
| 2005-11-30 | 53.52% |
| 2005-08-31 | 77.48% |
| 2005-05-31 | 76.31% |
| 2005-02-28 | 77.46% |
| 2004-11-30 | 75.81% |
| 2004-08-31 | 45.41% |
| 2004-05-31 | 44.72% |
| 2004-02-29 | 39.95% |
| 2003-11-30 | 42.91% |
| 2003-08-31 | 69.15% |
| 2003-05-31 | 70.94% |
| 2003-02-28 | 70.78% |
| 2002-11-30 | 70.24% |
| 2002-08-31 | 60.05% |
