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 8.79% is in line with its 5-year average of 9.56%, around the middle of its 5-year range (4.25%–17.55%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.14% below its 12-month average of 9.27%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
8.79%
DEBT TO ASSETS RATIO AVG TTM
9.27%
DEBT TO ASSETS RATIO AVG 3Y
9.98%
DEBT TO ASSETS RATIO AVG 5Y
9.94%
DEBT TO ASSETS RATIO AVG 10Y
8.84%
DEBT TO ASSETS RATIO AVG 15Y
8.23%
DEBT TO ASSETS RATIO AVG 20Y
9.48%
CURRENT VS TTM AVG
-5.14%
CURRENT VS 3Y AVG
-11.88%
CURRENT VS 5Y AVG
-11.57%
CURRENT VS 10Y AVG
-0.52%
CURRENT VS 15Y AVG
+6.87%
CURRENT VS 20Y AVG
-7.30%
SECTOR MEDIAN · FINANCIAL SERVICES
0.12%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+7227.03%
vs the sector median at left
Northern Trust Corporation
Market Cap
$33.94B
Debt to Assets Ratio
8.79%
TTM Avg
9.27%
3Y Avg
9.98%
5Y Avg
9.94%
Market Cap
$33.92B
Debt to Assets Ratio
0.06%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$34.41B
Debt to Assets Ratio
0.06%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$35.46B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$32.02B
Debt to Assets Ratio
0.23%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$36.30B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$30.73B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$29.99B
Debt to Assets Ratio
0.15%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$39.28B
Debt to Assets Ratio
0.05%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northern Trust Corporation (NTRS) | $33.94B | 8.79% | 9.27% | 9.98% | 9.94% |
| Raymond James Financial, Inc. (RJF)vs › | $33.92B | 0.06% | N/A | N/A | N/A |
| Arch Capital Group Ltd. (ACGL)vs › | $34.41B | 0.06% | N/A | N/A | N/A |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.46B | 0.08% | N/A | N/A | N/A |
| Willis Towers Watson Public Limited Company (WTW)vs › | $32.02B | 0.23% | N/A | N/A | N/A |
| M&T Bank Corporation (MTB)vs › | $36.30B | 0.08% | N/A | N/A | N/A |
| Citizens Financial Group, Inc. (CFG)vs › | $30.73B | 0.07% | N/A | N/A | N/A |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.99B | 0.15% | N/A | N/A | N/A |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.28B | 0.05% | N/A | N/A | N/A |
| Coinbase Global, Inc. (COIN)vs › | $40.52B | 0.25% | N/A | N/A | N/A |
Debt/Assets
8.8%
Debt/Equity
1.18
Current Ratio
4.99
Interest Coverage
0.4x
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 | 8.79% |
| 2026-03-31 | 9.38% |
| 2025-12-31 | 9.27% |
| 2025-09-30 | 9.19% |
| 2025-06-30 | 9.71% |
| 2025-03-31 | 9.78% |
| 2024-12-31 | 10.28% |
| 2024-09-30 | 10.74% |
| 2024-06-30 | 10.64% |
| 2024-03-31 | 10.54% |
| 2023-12-31 | 11.43% |
| 2023-09-30 | 13.47% |
| 2023-06-30 | 17.55% |
| 2023-03-31 | 13.93% |
| 2022-12-31 | 9.58% |
| 2022-09-30 | 9.92% |
| 2022-06-30 | 5.77% |
| 2022-03-31 | 4.25% |
| 2021-12-31 | 4.58% |
| 2021-09-30 | 6.01% |
| 2021-06-30 | 5.89% |
| 2021-03-31 | 6.08% |
| 2020-12-31 | 5.65% |
| 2020-09-30 | 8.79% |
| 2020-06-30 | 8.83% |
| 2020-03-31 | 8.97% |
| 2019-12-31 | 8.61% |
| 2019-09-30 | 9.89% |
| 2019-06-30 | 9.68% |
| 2019-03-31 | 9.74% |
| 2018-12-31 | 10.64% |
| 2018-09-30 | 10.35% |
| 2018-06-30 | 11.12% |
| 2018-03-31 | 8.77% |
| 2017-12-31 | 8.94% |
| 2017-09-30 | 9.25% |
| 2017-06-30 | 6.46% |
| 2017-03-31 | 6.57% |
| 2016-12-31 | 7.18% |
| 2016-09-30 | 6.54% |
| 2016-06-30 | 8.31% |
| 2016-03-31 | 6.76% |
| 2015-12-31 | 6.94% |
| 2015-09-30 | 6.73% |
| 2015-06-30 | 5.70% |
| 2015-03-31 | 6.61% |
| 2014-12-31 | 6.27% |
| 2014-09-30 | 6.10% |
| 2014-06-30 | 5.17% |
| 2014-03-31 | 6.17% |
| 2013-12-31 | 7.21% |
| 2013-09-30 | 6.87% |
| 2013-06-30 | 8.91% |
| 2013-03-31 | 7.65% |
| 2012-12-31 | 6.11% |
| 2012-09-30 | 6.10% |
| 2012-06-30 | 7.74% |
| 2012-03-31 | 8.24% |
| 2011-12-31 | 8.40% |
| 2011-09-30 | 6.70% |
| 2011-06-30 | 9.72% |
| 2011-03-31 | 12.95% |
| 2010-12-31 | 12.22% |
| 2010-09-30 | 15.03% |
| 2010-06-30 | 15.09% |
| 2010-03-31 | 12.91% |
| 2009-12-31 | 20.10% |
| 2009-09-30 | 16.79% |
| 2009-06-30 | 16.05% |
| 2009-03-31 | 19.66% |
| 2008-12-31 | 11.47% |
| 2008-09-30 | 9.30% |
| 2008-06-30 | 8.79% |
| 2008-03-31 | 13.10% |
| 2007-12-31 | 16.36% |
| 2007-09-30 | 12.13% |
| 2007-06-30 | 11.74% |
| 2007-03-31 | 9.73% |
| 2006-12-31 | 22.66% |
| 2006-09-30 | 18.32% |
| 2006-06-30 | 16.65% |
| 2006-03-31 | 18.88% |
| 2005-12-31 | 16.60% |
| 2005-09-30 | 16.11% |
| 2005-06-30 | 15.76% |
| 2005-03-31 | 15.19% |
| 2004-12-31 | 18.84% |
| 2004-09-30 | 18.53% |
| 2004-06-30 | 24.28% |
| 2004-03-31 | 16.91% |
| 2003-12-31 | 23.56% |
| 2003-09-30 | 24.93% |
| 2003-06-30 | 23.77% |
| 2003-03-31 | 20.87% |
| 2002-12-31 | 21.80% |
| 2002-09-30 | 27.31% |