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 33.81% is in line with its 5-year average of 32.48%, around the middle of its 5-year range (25.40%–41.54%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.55% above its 12-month average of 32.65%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
33.81%
DEBT TO ASSETS RATIO AVG TTM
32.65%
DEBT TO ASSETS RATIO AVG 3Y
32.98%
DEBT TO ASSETS RATIO AVG 5Y
31.93%
DEBT TO ASSETS RATIO AVG 10Y
29.77%
DEBT TO ASSETS RATIO AVG 15Y
26.49%
DEBT TO ASSETS RATIO AVG 20Y
25.80%
CURRENT VS TTM AVG
+3.55%
CURRENT VS 3Y AVG
+2.50%
CURRENT VS 5Y AVG
+5.88%
CURRENT VS 10Y AVG
+13.57%
CURRENT VS 15Y AVG
+27.61%
CURRENT VS 20Y AVG
+31.02%
SECTOR MEDIAN · FINANCIAL SERVICES
0.11%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+30633.06%
vs the sector median at left
Nasdaq, Inc.
Market Cap
$52.65B
Debt to Assets Ratio
33.81%
TTM Avg
32.65%
3Y Avg
32.98%
5Y Avg
31.93%
Market Cap
$51.21B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$50.97B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$50.47B
Debt to Assets Ratio
0.12%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$50.34B
Debt to Assets Ratio
0.11%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$49.07B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$44.83B
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$42.36B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nasdaq, Inc. (NDAQ) | $52.65B | 33.81% | 32.65% | 32.98% | 31.93% |
| Fifth Third Bancorp (FITB)vs › | $51.21B | 0.07% | N/A | N/A | N/A |
| State Street Corporation (STT)vs › | $50.97B | 0.08% | N/A | N/A | N/A |
| PayPal Holdings, Inc. (PYPL)vs › | $50.47B | 0.12% | N/A | N/A | N/A |
| Discover Financial Services (DFS)vs › | $50.34B | 0.11% | N/A | N/A | N/A |
| Ameriprise Financial, Inc. (AMP)vs › | $49.07B | 0.03% | N/A | N/A | N/A |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $44.83B | N/A | N/A | N/A | N/A |
| MetLife, Inc. (MET)vs › | $61.85B | 0.03% | N/A | N/A | N/A |
| Prudential Financial, Inc. (PRU)vs › | $42.36B | 0.03% | N/A | N/A | N/A |
| Ares Management Corporation (ARES)vs › | $42.07B | 0.51% | N/A | N/A | N/A |
Debt/Assets
33.8%
Debt/Equity
0.81
Current Ratio
1.01
Interest Coverage
26.5x
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 | 33.81% |
| 2026-03-31 | 34.60% |
| 2025-12-31 | 31.97% |
| 2025-09-30 | 31.16% |
| 2025-06-30 | 31.70% |
| 2025-03-31 | 31.71% |
| 2024-12-31 | 32.47% |
| 2024-09-30 | 33.56% |
| 2024-06-30 | 33.78% |
| 2024-03-31 | 34.37% |
| 2023-12-31 | 33.66% |
| 2023-09-30 | 41.54% |
| 2023-06-30 | 40.37% |
| 2023-03-31 | 26.72% |
| 2022-12-31 | 28.04% |
| 2022-09-30 | 25.40% |
| 2022-06-30 | 27.38% |
| 2022-03-31 | 30.62% |
| 2021-12-31 | 30.90% |
| 2021-09-30 | 34.38% |
| 2021-06-30 | 33.91% |
| 2021-03-31 | 34.05% |
| 2020-12-31 | 32.98% |
| 2020-09-30 | 26.75% |
| 2020-06-30 | 26.68% |
| 2020-03-31 | 29.86% |
| 2019-12-31 | 26.70% |
| 2019-09-30 | 29.31% |
| 2019-06-30 | 27.12% |
| 2019-03-31 | 27.06% |
| 2018-12-31 | 24.40% |
| 2018-09-30 | 26.12% |
| 2018-06-30 | 25.41% |
| 2018-03-31 | 26.06% |
| 2017-12-31 | 26.65% |
| 2017-09-30 | 24.83% |
| 2017-06-30 | 24.23% |
| 2017-03-31 | 24.99% |
| 2016-12-31 | 25.46% |
| 2016-09-30 | 25.05% |
| 2016-06-30 | 24.71% |
| 2016-03-31 | 18.70% |
| 2015-12-31 | 19.93% |
| 2015-09-30 | 20.69% |
| 2015-06-30 | 18.85% |
| 2015-03-31 | 18.84% |
| 2014-12-31 | 19.00% |
| 2014-09-30 | 18.48% |
| 2014-06-30 | 18.36% |
| 2014-03-31 | 19.37% |
| 2013-12-31 | 20.94% |
| 2013-09-30 | 21.77% |
| 2013-06-30 | 23.30% |
| 2013-03-31 | 21.40% |
| 2012-12-31 | 21.64% |
| 2012-09-30 | 22.26% |
| 2012-06-30 | 22.36% |
| 2012-03-31 | 22.25% |
| 2011-12-31 | 15.02% |
| 2011-09-30 | 16.82% |
| 2011-06-30 | 15.54% |
| 2011-03-31 | 12.68% |
| 2010-12-31 | 14.32% |
| 2010-09-30 | 19.18% |
| 2010-06-30 | 20.71% |
| 2010-03-31 | 19.88% |
| 2009-12-31 | 19.51% |
| 2009-09-30 | 16.93% |
| 2009-06-30 | 19.85% |
| 2009-03-31 | 19.71% |
| 2008-12-31 | 19.88% |
| 2008-09-30 | 25.01% |
| 2008-06-30 | 18.33% |
| 2008-03-31 | 18.69% |
| 2007-12-31 | 3.98% |
| 2007-09-30 | 14.77% |
| 2007-06-30 | 37.41% |
| 2007-03-31 | 39.84% |
| 2006-12-31 | 40.46% |
| 2006-09-30 | 45.34% |
| 2006-06-30 | 47.56% |
| 2006-03-31 | 50.74% |
| 2005-12-31 | 58.26% |
| 2005-09-30 | 41.98% |
| 2005-06-30 | 43.59% |
| 2005-03-31 | 29.86% |
| 2004-12-31 | 32.52% |
| 2004-09-30 | 31.16% |
| 2004-06-30 | 30.99% |
| 2004-03-31 | 30.34% |
| 2003-12-31 | 31.32% |
| 2003-09-30 | 31.01% |
| 2003-06-30 | 37.14% |
| 2003-03-31 | 37.35% |
| 2002-12-31 | 38.54% |
| 2002-09-30 | 38.04% |
