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 4.48% is 76% below its 5-year average of 18.39%, near the low end of its 5-year range (1.49%–38.09%).
As of the fiscal period ended Thursday, April 30, 2026. 56.08% above its 12-month average of 2.87%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
4.48%
DEBT TO ASSETS RATIO AVG TTM
2.87%
DEBT TO ASSETS RATIO AVG 3Y
6.79%
DEBT TO ASSETS RATIO AVG 5Y
18.39%
DEBT TO ASSETS RATIO AVG 10Y
21.00%
DEBT TO ASSETS RATIO AVG 15Y
17.77%
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+56.08%
CURRENT VS 3Y AVG
-34.12%
CURRENT VS 5Y AVG
-75.66%
CURRENT VS 10Y AVG
-78.68%
CURRENT VS 15Y AVG
-74.81%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.19%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+2255.94%
vs the sector median at left
Palo Alto Networks, Inc.
Market Cap
$220.67B
Debt to Assets Ratio
4.48%
TTM Avg
2.87%
3Y Avg
6.79%
5Y Avg
18.39%
Market Cap
$219.08B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$212.74B
Debt to Assets Ratio
0.16%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$201.80B
Debt to Assets Ratio
0.44%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$190.97B
Debt to Assets Ratio
0.62%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$187.82B
Debt to Assets Ratio
0.43%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$254.44B
Debt to Assets Ratio
0.45%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$186.63B
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 |
|---|---|---|---|---|---|
| Palo Alto Networks, Inc. (PANW) | $220.67B | 4.48% | 2.87% | 6.79% | 18.39% |
| Arista Networks, Inc. (ANET)vs › | $219.08B | 0.00% | N/A | N/A | N/A |
| Sandisk Corporation (SNDK)vs › | $212.74B | 0.16% | N/A | N/A | N/A |
| International Business Machines Corporation (IBM)vs › | $201.80B | 0.44% | N/A | N/A | N/A |
| Seagate Technology Holdings plc (STX)vs › | $190.97B | 0.62% | N/A | N/A | N/A |
| Amphenol Corporation (APH)vs › | $187.82B | 0.43% | N/A | N/A | N/A |
| Texas Instruments Incorporated (TXN)vs › | $254.44B | 0.45% | N/A | N/A | N/A |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $186.63B | 0.07% | N/A | N/A | N/A |
| SAP SE (SAP)vs › | $186.44B | 0.11% | N/A | N/A | N/A |
| Analog Devices, Inc. (ADI)vs › | $181.13B | 0.18% | N/A | N/A | N/A |
Debt/Assets
4.5%
Debt/Equity
0.04
Current Ratio
0.89
Interest Coverage
414.3x
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 |
|---|---|
| 2026-04-30 | 4.48% |
| 2026-01-31 | 1.49% |
| 2025-10-31 | 2.94% |
| 2025-07-31 | 1.77% |
| 2025-04-30 | 3.66% |
| 2025-01-31 | 4.28% |
| 2024-10-31 | 5.03% |
| 2024-07-31 | 6.73% |
| 2024-04-30 | 8.55% |
| 2024-01-31 | 11.94% |
| 2023-10-31 | 15.01% |
| 2023-07-31 | 15.66% |
| 2023-04-30 | 27.85% |
| 2023-01-31 | 30.04% |
| 2022-10-31 | 31.58% |
| 2022-07-31 | 32.26% |
| 2022-04-30 | 35.60% |
| 2022-01-31 | 38.04% |
| 2021-10-31 | 38.09% |
| 2021-07-31 | 34.56% |
| 2021-04-30 | 36.69% |
| 2021-01-31 | 36.60% |
| 2020-10-31 | 39.46% |
| 2020-07-31 | 37.73% |
| 2020-04-30 | 28.02% |
| 2020-01-31 | 25.26% |
| 2019-10-31 | 26.62% |
| 2019-07-31 | 21.69% |
| 2019-04-30 | 25.12% |
| 2019-01-31 | 27.26% |
| 2018-10-31 | 28.00% |
| 2018-07-31 | 32.97% |
| 2018-04-30 | 13.91% |
| 2018-01-31 | 14.81% |
| 2017-10-31 | 15.23% |
| 2017-07-31 | 15.26% |
| 2017-04-30 | 15.95% |
| 2017-01-31 | 16.14% |
| 2016-10-31 | 16.84% |
| 2016-07-31 | 17.78% |
| 2016-04-30 | 20.06% |
| 2016-01-31 | 21.48% |
| 2015-10-31 | 23.51% |
| 2015-07-31 | 24.79% |
| 2015-04-30 | 27.01% |
| 2015-01-31 | 28.51% |
| 2014-10-31 | 30.63% |
| 2014-07-31 | 31.58% |
| 2014-04-30 | 0.00% |
| 2014-01-31 | 0.00% |
| 2013-10-31 | 0.00% |
| 2013-07-31 | 0.00% |
| 2013-04-30 | 0.00% |
| 2013-01-31 | 0.00% |
| 2012-10-31 | 0.00% |
| 2012-07-31 | 0.00% |
| 2012-04-30 | 0.00% |
| 2012-01-31 | 0.00% |
| 2011-07-31 | 0.00% |