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 28.28% is 24% below its 5-year average of 37.08%, near the low end of its 5-year range (28.28%–46.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.63% below its 12-month average of 31.65%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
28.28%
DEBT TO ASSETS RATIO AVG TTM
31.65%
DEBT TO ASSETS RATIO AVG 3Y
35.17%
DEBT TO ASSETS RATIO AVG 5Y
37.08%
DEBT TO ASSETS RATIO AVG 10Y
37.01%
DEBT TO ASSETS RATIO AVG 15Y
31.73%
DEBT TO ASSETS RATIO AVG 20Y
28.78%
CURRENT VS TTM AVG
-10.63%
CURRENT VS 3Y AVG
-19.58%
CURRENT VS 5Y AVG
-23.72%
CURRENT VS 10Y AVG
-23.59%
CURRENT VS 15Y AVG
-10.85%
CURRENT VS 20Y AVG
-1.74%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+10572.90%
vs the sector median at left
Parker-Hannifin Corporation
Market Cap
$120.98B
Debt to Assets Ratio
28.28%
TTM Avg
31.65%
3Y Avg
35.17%
5Y Avg
37.08%
Market Cap
$123.78B
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$96.48B
Debt to Assets Ratio
0.16%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Parker-Hannifin Corporation (PH) | $120.98B | 28.28% | 31.65% | 35.17% | 37.08% |
| Lockheed Martin Corporation (LMT)vs › | $123.78B | 0.33% | N/A | N/A | N/A |
| Vertiv Holdings Co (VRT)vs › | $113.18B | 0.20% | N/A | N/A | N/A |
| Trane Technologies plc (TT)vs › | $98.55B | 0.19% | N/A | N/A | N/A |
| Quanta Services, Inc. (PWR)vs › | $97.34B | 0.23% | N/A | N/A | N/A |
| General Dynamics Corporation (GD)vs › | $96.48B | 0.16% | N/A | N/A | N/A |
| Siemens Energy AG (SMEGF)vs › | $146.42B | 0.05% | N/A | N/A | N/A |
| Howmet Aerospace Inc. (HWM)vs › | $95.07B | 0.34% | N/A | N/A | N/A |
| CSX Corporation (CSX)vs › | $91.34B | 0.43% | N/A | N/A | N/A |
| Waste Management, Inc. (WM)vs › | $87.35B | 0.50% | N/A | N/A | N/A |
Debt/Assets
28.3%
Debt/Equity
0.57
Current Ratio
1.26
Interest Coverage
11.6x
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 | 28.28% |
| 2026-03-31 | 31.23% |
| 2025-12-31 | 32.35% |
| 2025-09-30 | 33.68% |
| 2025-06-30 | 32.68% |
| 2025-03-31 | 32.41% |
| 2024-12-31 | 31.98% |
| 2024-09-30 | 34.42% |
| 2024-06-30 | 37.46% |
| 2024-03-31 | 38.44% |
| 2023-12-31 | 39.70% |
| 2023-09-30 | 41.19% |
| 2023-06-30 | 43.33% |
| 2023-03-31 | 43.93% |
| 2022-12-31 | 45.94% |
| 2022-09-30 | 46.62% |
| 2022-06-30 | 45.16% |
| 2022-03-31 | 36.16% |
| 2021-12-31 | 37.74% |
| 2021-09-30 | 32.45% |
| 2021-06-30 | 33.49% |
| 2021-03-31 | 34.06% |
| 2020-12-31 | 36.38% |
| 2020-09-30 | 40.14% |
| 2020-06-30 | 42.55% |
| 2020-03-31 | 46.00% |
| 2019-12-31 | 47.58% |
| 2019-09-30 | 47.71% |
| 2019-06-30 | 40.44% |
| 2019-03-31 | 34.25% |
| 2018-12-31 | 35.59% |
| 2018-09-30 | 33.13% |
| 2018-06-30 | 32.36% |
| 2018-03-31 | 36.18% |
| 2017-12-31 | 37.87% |
| 2017-09-30 | 37.71% |
| 2017-06-30 | 37.90% |
| 2017-03-31 | 39.36% |
| 2016-12-31 | 27.58% |
| 2016-09-30 | 27.14% |
| 2016-06-30 | 25.00% |
| 2016-03-31 | 26.94% |
| 2015-12-31 | 28.07% |
| 2015-09-30 | 27.96% |
| 2015-06-30 | 23.97% |
| 2015-03-31 | 27.48% |
| 2014-12-31 | 23.61% |
| 2014-09-30 | 17.14% |
| 2014-06-30 | 17.51% |
| 2014-03-31 | 19.75% |
| 2013-12-31 | 21.18% |
| 2013-09-30 | 22.22% |
| 2013-06-30 | 22.56% |
| 2013-03-31 | 23.86% |
| 2012-12-31 | 17.62% |
| 2012-09-30 | 15.95% |
| 2012-06-30 | 15.48% |
| 2012-03-31 | 16.43% |
| 2011-12-31 | 16.83% |
| 2011-09-30 | 16.93% |
| 2011-06-30 | 16.22% |
| 2011-03-31 | 16.32% |
| 2010-12-31 | 17.36% |
| 2010-09-30 | 19.95% |
| 2010-06-30 | 17.93% |
| 2010-03-31 | 19.30% |
| 2009-12-31 | 19.85% |
| 2009-09-30 | 21.73% |
| 2009-06-30 | 23.55% |
| 2009-03-31 | 27.15% |
| 2008-12-31 | 28.72% |
| 2008-09-30 | 25.23% |
| 2008-06-30 | 19.94% |
| 2008-03-31 | 18.85% |
| 2007-12-31 | 21.88% |
| 2007-09-30 | 19.54% |
| 2007-06-30 | 15.23% |
| 2007-03-31 | 16.18% |
| 2006-12-31 | 17.80% |
| 2006-09-30 | 15.80% |
| 2006-06-30 | 13.84% |
| 2006-03-31 | 17.81% |
| 2005-12-31 | 20.74% |
| 2005-09-30 | 13.57% |
| 2005-06-30 | 14.07% |
| 2005-03-31 | 14.58% |
| 2004-12-31 | 16.01% |
| 2004-09-30 | 15.59% |
| 2004-06-30 | 15.81% |
| 2004-03-31 | 18.20% |
| 2003-12-31 | 17.44% |
| 2003-09-30 | 21.17% |
| 2003-06-30 | 23.23% |
| 2003-03-31 | 23.60% |
| 2002-12-31 | 24.23% |
| 2002-09-30 | 25.03% |
