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 38.10% is in line with its 5-year average of 37.21%, near the high end of its 5-year range (34.16%–38.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.65% above its 12-month average of 37.85%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
38.10%
DEBT TO ASSETS RATIO AVG TTM
37.85%
DEBT TO ASSETS RATIO AVG 3Y
37.26%
DEBT TO ASSETS RATIO AVG 5Y
37.21%
DEBT TO ASSETS RATIO AVG 10Y
34.02%
DEBT TO ASSETS RATIO AVG 15Y
32.94%
DEBT TO ASSETS RATIO AVG 20Y
35.78%
CURRENT VS TTM AVG
+0.65%
CURRENT VS 3Y AVG
+2.25%
CURRENT VS 5Y AVG
+2.40%
CURRENT VS 10Y AVG
+11.99%
CURRENT VS 15Y AVG
+15.67%
CURRENT VS 20Y AVG
+6.49%
SECTOR MEDIAN · ENERGY
0.22%
median of 47 covered companies
CURRENT VS SECTOR MEDIAN
+17217.63%
vs the sector median at left
Pembina Pipeline Corporation
Market Cap
$27.91B
Debt to Assets Ratio
38.10%
TTM Avg
37.85%
3Y Avg
37.26%
5Y Avg
37.21%
Market Cap
$25.13B
Debt to Assets Ratio
0.01%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$22.72B
Debt to Assets Ratio
0.13%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pembina Pipeline Corporation (PBA) | $27.91B | 38.10% | 37.85% | 37.26% | 37.21% |
| Tenaris S.A. (TS)vs › | $28.96B | 0.02% | N/A | N/A | N/A |
| Halliburton Company (HAL)vs › | $30.22B | 0.32% | N/A | N/A | N/A |
| Texas Pacific Land Corporation (TPL)vs › | $25.13B | 0.01% | N/A | N/A | N/A |
| Expand Energy Corporation (EXE)vs › | $22.72B | 0.13% | N/A | N/A | N/A |
| First Solar, Inc. (FSLR)vs › | $21.97B | 0.01% | N/A | N/A | N/A |
| EQT Corporation (EQT)vs › | $34.13B | 0.14% | N/A | N/A | N/A |
| Venture Global, Inc. (VG)vs › | $34.63B | 0.70% | N/A | N/A | N/A |
| APA Corporation (APA)vs › | $15.04B | 0.22% | N/A | N/A | N/A |
| Nextpower Inc. (NXT)vs › | $12.96B | N/A | N/A | N/A | N/A |
Debt/Assets
38.1%
Debt/Equity
0.81
Current Ratio
0.62
Interest Coverage
4.8x
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 | 38.10% |
| 2026-03-31 | 38.47% |
| 2025-12-31 | 37.43% |
| 2025-09-30 | 37.49% |
| 2025-06-30 | 37.76% |
| 2025-03-31 | 36.80% |
| 2024-12-31 | 37.04% |
| 2024-09-30 | 37.82% |
| 2024-06-30 | 37.82% |
| 2024-03-31 | 35.67% |
| 2023-12-31 | 34.16% |
| 2023-09-30 | 36.20% |
| 2023-06-30 | 36.51% |
| 2023-03-31 | 36.62% |
| 2022-12-31 | 35.82% |
| 2022-09-30 | 35.50% |
| 2022-06-30 | 37.31% |
| 2022-03-31 | 37.61% |
| 2021-12-31 | 38.03% |
| 2021-09-30 | 37.41% |
| 2021-06-30 | 38.72% |
| 2021-03-31 | 37.84% |
| 2020-12-31 | 37.08% |
| 2020-09-30 | 34.62% |
| 2020-06-30 | 34.25% |
| 2020-03-31 | 33.66% |
| 2019-12-31 | 33.09% |
| 2019-09-30 | 31.01% |
| 2019-06-30 | 29.96% |
| 2019-03-31 | 29.47% |
| 2018-12-31 | 28.27% |
| 2018-09-30 | 28.91% |
| 2018-06-30 | 28.85% |
| 2018-03-31 | 29.94% |
| 2017-12-31 | 29.55% |
| 2017-09-30 | 31.63% |
| 2017-06-30 | 30.22% |
| 2017-03-31 | 28.69% |
| 2016-12-31 | 27.64% |
| 2016-09-30 | 26.18% |
| 2016-06-30 | 25.59% |
| 2016-03-31 | 24.52% |
| 2015-12-31 | 25.69% |
| 2015-09-30 | 29.18% |
| 2015-06-30 | 29.09% |
| 2015-03-31 | 27.91% |
| 2014-12-31 | 25.40% |
| 2014-09-30 | 23.21% |
| 2014-06-30 | 24.47% |
| 2014-03-31 | 22.56% |
| 2013-12-31 | 24.89% |
| 2013-09-30 | 25.70% |
| 2013-06-30 | 27.33% |
| 2013-03-31 | 26.58% |
| 2012-12-31 | 30.86% |
| 2012-09-30 | 29.80% |
| 2012-06-30 | 29.24% |
| 2012-03-31 | 50.35% |
| 2011-12-31 | 48.70% |
| 2011-09-30 | 39.38% |
| 2011-06-30 | 49.59% |
| 2011-03-31 | 50.60% |
| 2010-12-31 | 50.09% |
| 2010-09-30 | 46.40% |
| 2010-06-30 | 45.78% |
| 2010-03-31 | 48.40% |
| 2009-12-31 | 49.27% |
| 2009-09-30 | 49.23% |
| 2009-06-30 | 49.83% |
| 2009-03-31 | 49.73% |
| 2008-12-31 | 45.06% |
| 2008-09-30 | 45.10% |
| 2008-06-30 | 45.59% |
| 2008-03-31 | 43.67% |
| 2007-12-31 | 42.02% |
| 2007-09-30 | 39.45% |
| 2007-06-30 | 37.89% |
| 2007-03-31 | 37.84% |
| 2006-12-31 | 37.60% |
| 2006-09-30 | 37.88% |
| 2006-06-30 | 37.29% |
| 2006-03-31 | 37.26% |
| 2005-12-31 | 40.37% |
| 2005-09-30 | 40.16% |
| 2005-06-30 | 44.38% |
| 2005-03-31 | 43.87% |
| 2004-12-31 | 44.48% |
| 2004-09-30 | 27.93% |
| 2004-06-30 | 28.12% |
| 2004-03-31 | 27.46% |
| 2003-12-31 | 26.43% |
| 2003-09-30 | 23.92% |
| 2003-06-30 | 23.72% |
| 2003-03-31 | 28.04% |
| 2002-12-31 | 25.99% |
| 2002-09-30 | 25.12% |
