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 6.71% is in line with its 5-year average of 7.25%, around the middle of its 5-year range (5.61%–8.74%).
As of the fiscal period ended Sunday, May 31, 2026. 8.90% above its 12-month average of 6.17%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
6.71%
DEBT TO ASSETS RATIO AVG TTM
6.17%
DEBT TO ASSETS RATIO AVG 3Y
6.81%
DEBT TO ASSETS RATIO AVG 5Y
7.25%
DEBT TO ASSETS RATIO AVG 10Y
8.03%
DEBT TO ASSETS RATIO AVG 15Y
8.34%
DEBT TO ASSETS RATIO AVG 20Y
8.55%
CURRENT VS TTM AVG
+8.90%
CURRENT VS 3Y AVG
-1.44%
CURRENT VS 5Y AVG
-7.35%
CURRENT VS 10Y AVG
-16.41%
CURRENT VS 15Y AVG
-19.51%
CURRENT VS 20Y AVG
-21.45%
SECTOR MEDIAN · FINANCIAL SERVICES
0.11%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+6003.30%
vs the sector median at left
The Progressive Corporation
Market Cap
$124.94B
Debt to Assets Ratio
6.71%
TTM Avg
6.17%
3Y Avg
6.81%
5Y Avg
7.25%
Market Cap
$129.99B
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$131.26B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$111.78B
Debt to Assets Ratio
0.12%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$105.50B
Debt to Assets Ratio
0.49%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$98.48B
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Progressive Corporation (PGR) | $124.94B | 6.71% | 6.17% | 6.81% | 7.25% |
| S&P Global Inc. (SPGI)vs › | $126.56B | 0.25% | N/A | N/A | N/A |
| Chubb Limited (CB)vs › | $129.88B | 0.06% | N/A | N/A | N/A |
| Vanguard Dividend Appreciation ETF (VIG)vs › | $129.99B | N/A | N/A | N/A | N/A |
| Capital One Financial Corporation (COF)vs › | $131.26B | 0.07% | N/A | N/A | N/A |
| Bank of New York Mellon Corp (BNY)vs › | $111.78B | 0.12% | N/A | N/A | N/A |
| Robinhood Markets, Inc. (HOOD)vs › | $105.50B | 0.49% | N/A | N/A | N/A |
| CME Group Inc. (CME)vs › | $100.05B | 0.02% | N/A | N/A | N/A |
| Schwab U.S. Dividend Equity ETF (SCHD)vs › | $98.48B | N/A | N/A | N/A | N/A |
| Invesco S&P 500 Equal Weight ETF (RSP)vs › | $97.52B | N/A | N/A | N/A | N/A |
Debt/Assets
6.7%
Debt/Equity
0.24
Current Ratio
0.24
Interest Coverage
51.2x
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 |
|---|---|
| 2026-05-31 | 6.71% |
| 2026-03-31 | 6.86% |
| 2025-12-31 | 5.61% |
| 2025-09-30 | 5.67% |
| 2025-06-30 | 5.97% |
| 2025-03-31 | 6.19% |
| 2024-12-31 | 6.52% |
| 2024-09-30 | 6.55% |
| 2024-06-30 | 7.04% |
| 2024-03-31 | 7.32% |
| 2023-12-31 | 7.77% |
| 2023-09-30 | 8.04% |
| 2023-06-30 | 8.30% |
| 2023-03-31 | 7.95% |
| 2022-12-31 | 8.47% |
| 2022-09-30 | 8.46% |
| 2022-06-30 | 8.74% |
| 2022-03-31 | 8.64% |
| 2021-12-31 | 6.89% |
| 2021-09-30 | 6.75% |
| 2021-06-30 | 7.73% |
| 2021-03-31 | 8.25% |
| 2020-12-31 | 8.42% |
| 2020-09-30 | 8.58% |
| 2020-06-30 | 9.08% |
| 2020-03-31 | 9.59% |
| 2019-12-31 | 8.94% |
| 2019-09-30 | 8.16% |
| 2019-06-30 | 8.58% |
| 2019-03-31 | 9.02% |
| 2018-12-31 | 9.46% |
| 2018-09-30 | 8.48% |
| 2018-06-30 | 8.90% |
| 2018-03-31 | 9.34% |
| 2017-12-31 | 8.54% |
| 2017-09-30 | 8.51% |
| 2017-06-30 | 9.22% |
| 2017-03-31 | 8.94% |
| 2016-12-31 | 9.42% |
| 2016-09-30 | 9.38% |
| 2016-06-30 | 8.34% |
| 2016-03-31 | 8.79% |
| 2015-12-31 | 9.08% |
| 2015-09-30 | 9.07% |
| 2015-06-30 | 9.35% |
| 2015-03-31 | 9.52% |
| 2014-12-31 | 8.39% |
| 2014-09-30 | 8.35% |
| 2014-06-30 | 8.67% |
| 2014-03-31 | 7.65% |
| 2013-12-31 | 7.62% |
| 2013-09-30 | 8.20% |
| 2013-06-30 | 8.66% |
| 2013-03-31 | 8.76% |
| 2012-12-31 | 9.09% |
| 2012-09-30 | 8.80% |
| 2012-06-30 | 9.08% |
| 2012-03-31 | 9.34% |
| 2011-12-31 | 11.18% |
| 2011-09-30 | 11.04% |
| 2011-06-30 | 8.98% |
| 2011-03-31 | 9.10% |
| 2010-12-31 | 9.26% |
| 2010-09-30 | 8.89% |
| 2010-06-30 | 10.13% |
| 2010-03-31 | 10.35% |
| 2009-12-31 | 10.86% |
| 2009-09-30 | 10.86% |
| 2009-06-30 | 11.40% |
| 2009-03-31 | 11.95% |
| 2008-12-31 | 11.92% |
| 2008-09-30 | 11.67% |
| 2008-06-30 | 11.50% |
| 2008-03-31 | 11.62% |
| 2007-12-31 | 11.54% |
| 2007-09-30 | 11.05% |
| 2007-06-30 | 10.31% |
| 2007-03-31 | 5.93% |
| 2006-12-31 | 6.09% |
| 2006-09-30 | 5.97% |
| 2006-06-30 | 6.05% |
| 2006-03-31 | 6.67% |
| 2005-12-31 | 6.80% |
| 2005-09-30 | 6.71% |
| 2005-06-30 | 6.96% |
| 2005-03-31 | 7.25% |
| 2004-12-31 | 7.47% |
| 2004-09-30 | 6.98% |
| 2004-06-30 | 7.28% |
| 2004-03-31 | 7.52% |
| 2003-12-31 | 9.15% |
| 2003-09-30 | 9.22% |
| 2003-06-30 | 9.73% |
| 2003-03-31 | 10.52% |
| 2002-12-31 | 10.98% |
| 2002-09-30 | 8.51% |