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 42.83% is 53% above its 5-year average of 27.97%, near the high end of its 5-year range (0.00%–42.83%).
As of the fiscal period ended Sunday, August 31, 2025. 3.72% above its 12-month average of 41.29%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2025 (2025-08-31): 42.83%.
DEBT TO ASSETS RATIO
42.83%
DEBT TO ASSETS RATIO AVG TTM
41.29%
DEBT TO ASSETS RATIO AVG 3Y
41.03%
DEBT TO ASSETS RATIO AVG 5Y
27.97%
DEBT TO ASSETS RATIO AVG 10Y
24.84%
DEBT TO ASSETS RATIO AVG 15Y
20.86%
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+3.72%
CURRENT VS 3Y AVG
+4.39%
CURRENT VS 5Y AVG
+53.11%
CURRENT VS 10Y AVG
+72.39%
CURRENT VS 15Y AVG
+105.29%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
0.11%
median of 114 covered companies
CURRENT VS SECTOR MEDIAN
+38835.53%
vs the sector median at left
Nuveen California AMT-Free Quality Municipal Income Fund
Market Cap
$562.76M
Debt to Assets Ratio
42.83%
TTM Avg
41.29%
3Y Avg
41.03%
5Y Avg
27.97%
Market Cap
$645.95M
Debt to Assets Ratio
0.36%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$435.59M
Debt to Assets Ratio
0.31%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$431.13M
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$718.81M
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$733.26M
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$311.37M
Debt to Assets Ratio
0.17%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$279.52M
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen California AMT-Free Quality Municipal Income Fund (NKX) | $562.76M | 42.83% | 41.29% | 41.03% | 27.97% |
| Hypoport SE (HYPOF)vs › | $630.67M | 0.24% | N/A | N/A | N/A |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $645.95M | 0.36% | N/A | N/A | N/A |
| PIMCO California Municipal Income Fund (PCQ)vs › | $435.59M | 0.31% | N/A | N/A | N/A |
| Invesco California Value Municipal Income Trust (VCV)vs › | $431.13M | 0.38% | N/A | N/A | N/A |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $718.81M | N/A | N/A | N/A | N/A |
| Washington Trust Bancorp, Inc. (WASH)vs › | $733.26M | 0.08% | N/A | N/A | N/A |
| BlackRock Floating Rate Income Trust (BGT)vs › | $311.37M | 0.17% | N/A | N/A | N/A |
| Isabella Bank Corporation (ISBA)vs › | $279.52M | 0.07% | N/A | N/A | N/A |
| Thunder Bridge Capital Partners V L (TBCVU)vs › | $266.59M | N/A | N/A | N/A | N/A |
Debt/Assets
42.8%
Debt/Equity
0.76
Current Ratio
1.66
Interest Coverage
-1.3x
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 |
|---|---|
| 2025-08-31 | 42.83% |
| 2025-02-28 | 41.00% |
| 2024-11-30 | 41.00% |
| 2024-08-31 | 40.36% |
| 2024-05-31 | 40.36% |
| 2024-02-29 | 40.27% |
| 2023-11-30 | 40.27% |
| 2023-08-31 | 1.54% |
| 2023-05-31 | 42.15% |
| 2023-02-28 | 0.22% |
| 2022-11-30 | 41.02% |
| 2022-08-31 | 0.10% |
| 2022-05-31 | 41.07% |
| 2022-02-28 | 0.41% |
| 2021-11-30 | 37.94% |
| 2021-08-31 | 35.93% |
| 2021-05-31 | 35.93% |
| 2021-02-28 | 0.00% |
| 2020-11-30 | 36.30% |
| 2020-08-31 | 0.76% |
| 2020-05-31 | 36.70% |
| 2020-02-29 | 0.09% |
| 2019-11-30 | 35.45% |
| 2019-08-31 | 0.15% |
| 2019-05-31 | 36.24% |
| 2019-02-28 | 0.00% |
| 2018-11-30 | 38.40% |
| 2018-08-31 | 0.06% |
| 2018-05-31 | 38.12% |
| 2018-02-28 | 0.60% |
| 2017-11-30 | 38.37% |
| 2017-08-31 | 36.01% |
| 2017-05-31 | 36.01% |
| 2017-02-28 | 0.13% |
| 2016-11-30 | 36.83% |
| 2016-08-31 | 34.87% |
| 2016-05-31 | 34.87% |
| 2016-02-29 | 0.58% |
| 2015-11-30 | 30.13% |
| 2015-08-31 | 0.75% |
| 2015-05-31 | 31.34% |
| 2015-02-28 | 0.12% |
| 2014-11-30 | 30.50% |
| 2014-08-31 | 0.41% |
| 2014-05-31 | 31.06% |
| 2014-02-28 | 0.29% |
| 2013-11-30 | 32.77% |
| 2013-08-31 | 0.43% |
| 2013-05-31 | 35.05% |
| 2013-02-28 | 0.41% |
| 2012-11-30 | 32.79% |
| 2012-08-31 | 0.21% |
| 2012-05-31 | 0.00% |
| 2012-02-29 | 0.00% |
| 2011-08-31 | 0.00% |
| 2011-02-28 | 0.00% |
| 2010-08-31 | 0.00% |
