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 22.93% is 45% below its 5-year average of 41.92%, near the low end of its 5-year range (22.93%–56.90%).
As of the fiscal period ended Friday, May 29, 2026. 33.86% below its 12-month average of 34.68%.
Reported quarterly debt to assets ratio; no daily interpolation. Q3 FY2026 (2026-05-29): 22.93%.
DEBT TO ASSETS RATIO
22.93%
DEBT TO ASSETS RATIO AVG TTM
34.68%
DEBT TO ASSETS RATIO AVG 3Y
43.98%
DEBT TO ASSETS RATIO AVG 5Y
41.92%
DEBT TO ASSETS RATIO AVG 10Y
37.61%
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-33.86%
CURRENT VS 3Y AVG
-47.85%
CURRENT VS 5Y AVG
-45.28%
CURRENT VS 10Y AVG
-39.01%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.13%
median of 555 covered companies
CURRENT VS SECTOR MEDIAN
+17542.14%
vs the sector median at left
Penguin Solutions, Inc.
Market Cap
$3.10B
Debt to Assets Ratio
22.93%
TTM Avg
34.68%
3Y Avg
43.98%
5Y Avg
41.92%
Market Cap
$3.13B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.16B
Debt to Assets Ratio
0.17%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.19B
Debt to Assets Ratio
0.01%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Penguin Solutions, Inc. (PENG) | $3.10B | 22.93% | 34.68% | 43.98% | 41.92% |
| Bel Fuse Inc. (BELFA)vs › | $3.10B | 0.03% | N/A | N/A | N/A |
| Ionic Digital Inc. Class A (IOND)vs › | $3.13B | 0.00% | N/A | N/A | N/A |
| Bel Fuse Inc. (BELFB)vs › | $3.14B | 0.03% | N/A | N/A | N/A |
| Extreme Networks, Inc. (EXTR)vs › | $3.16B | 0.17% | N/A | N/A | N/A |
| AvePoint, Inc. (AVPT)vs › | $3.16B | 0.02% | N/A | N/A | N/A |
| Aehr Test Systems (AEHR)vs › | $3.18B | 0.04% | N/A | N/A | N/A |
| Navitas Semiconductor Corp (NVTS)vs › | $3.19B | 0.01% | N/A | N/A | N/A |
| Braze, Inc. (BRZE)vs › | $3.01B | 0.09% | N/A | N/A | N/A |
| Ambarella, Inc. (AMBA)vs › | $2.99B | 0.02% | N/A | N/A | N/A |
Debt/Assets
22.9%
Debt/Equity
1.14
Current Ratio
1.54
Interest Coverage
10.2x
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 |
|---|---|
| 2026-05-29 | 22.93% |
| 2026-02-27 | 32.25% |
| 2025-11-28 | 32.77% |
| 2025-08-29 | 45.33% |
| 2025-05-30 | 40.11% |
| 2025-02-28 | 39.51% |
| 2024-11-29 | 45.27% |
| 2024-08-30 | 49.23% |
| 2024-05-31 | 47.16% |
| 2024-03-01 | 52.93% |
| 2023-11-30 | 51.58% |
| 2023-08-31 | 56.90% |
| 2023-05-31 | 55.80% |
| 2023-02-28 | 54.73% |
| 2022-11-30 | 49.92% |
| 2022-08-31 | 41.42% |
| 2022-05-31 | 34.13% |
| 2022-02-28 | 34.30% |
| 2021-11-30 | 30.70% |
| 2021-08-31 | 29.61% |
| 2021-05-31 | 33.64% |
| 2021-02-28 | 28.89% |
| 2020-11-30 | 28.25% |
| 2020-08-31 | 28.19% |
| 2020-05-31 | 27.94% |
| 2020-02-29 | 27.55% |
| 2019-11-30 | 29.17% |
| 2019-08-31 | 29.33% |
| 2019-05-31 | 30.97% |
| 2019-02-28 | 26.95% |
| 2018-11-30 | 27.29% |
| 2018-08-31 | 31.45% |
| 2018-05-31 | 25.88% |
| 2018-02-28 | 29.32% |
| 2017-11-30 | 32.26% |
| 2017-08-31 | 36.93% |
| 2017-05-31 | 44.38% |
| 2017-02-28 | 48.74% |
| 2016-08-31 | 52.92% |
