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 40.52% is 15% above its 5-year average of 35.11%, near the high end of its 5-year range (31.09%–40.52%).
As of the fiscal period ended Tuesday, March 31, 2026. 11.02% above its 12-month average of 36.50%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
40.52%
DEBT TO ASSETS RATIO AVG TTM
36.50%
DEBT TO ASSETS RATIO AVG 3Y
35.05%
DEBT TO ASSETS RATIO AVG 5Y
35.11%
DEBT TO ASSETS RATIO AVG 10Y
37.91%
DEBT TO ASSETS RATIO AVG 15Y
38.11%
DEBT TO ASSETS RATIO AVG 20Y
37.10%
CURRENT VS TTM AVG
+11.02%
CURRENT VS 3Y AVG
+15.60%
CURRENT VS 5Y AVG
+15.40%
CURRENT VS 10Y AVG
+6.89%
CURRENT VS 15Y AVG
+6.32%
CURRENT VS 20Y AVG
+9.20%
SECTOR MEDIAN · CONSUMER CYCLICAL
0.39%
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+10289.02%
vs the sector median at left
Packaging Corporation of America
Market Cap
$22.81B
Debt to Assets Ratio
40.52%
TTM Avg
36.50%
3Y Avg
35.05%
5Y Avg
35.11%
Market Cap
$24.13B
Debt to Assets Ratio
0.39%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$24.48B
Debt to Assets Ratio
0.47%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$19.42B
Debt to Assets Ratio
0.35%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Packaging Corporation of America (PKG) | $22.81B | 40.52% | 36.50% | 35.05% | 35.11% |
| Amcor plc (AMCR)vs › | $22.13B | 0.44% | N/A | N/A | N/A |
| Lennar Corporation (LEN)vs › | $21.89B | 0.18% | N/A | N/A | N/A |
| Ralph Lauren Corporation (RL)vs › | $24.13B | 0.39% | N/A | N/A | N/A |
| Ulta Beauty, Inc. (ULTA)vs › | $24.30B | 0.33% | N/A | N/A | N/A |
| Darden Restaurants, Inc. (DRI)vs › | $24.48B | 0.47% | N/A | N/A | N/A |
| Smurfit Westrock plc (SW)vs › | $25.32B | 0.31% | N/A | N/A | N/A |
| PulteGroup, Inc. (PHM)vs › | $25.65B | 0.13% | N/A | N/A | N/A |
| Rivian Automotive, Inc. (RIVN)vs › | $19.42B | 0.35% | N/A | N/A | N/A |
| SharkNinja, Inc. (SN)vs › | $26.25B | 0.04% | N/A | N/A | N/A |
Debt/Assets
40.5%
Debt/Equity
0.95
Current Ratio
3.07
Interest Coverage
15.9x
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 |
|---|---|
| 2026-03-31 | 40.52% |
| 2025-12-31 | 39.95% |
| 2025-09-30 | 39.68% |
| 2025-06-30 | 31.09% |
| 2025-03-31 | 31.24% |
| 2024-12-31 | 31.38% |
| 2024-09-30 | 31.46% |
| 2024-06-30 | 35.18% |
| 2024-03-31 | 35.71% |
| 2023-12-31 | 36.55% |
| 2023-09-30 | 33.95% |
| 2023-06-30 | 34.33% |
| 2023-03-31 | 34.59% |
| 2022-12-31 | 34.90% |
| 2022-09-30 | 33.32% |
| 2022-06-30 | 33.17% |
| 2022-03-31 | 33.89% |
| 2021-12-31 | 34.86% |
| 2021-09-30 | 39.66% |
| 2021-06-30 | 35.66% |
| 2021-03-31 | 36.23% |
| 2020-12-31 | 36.83% |
| 2020-09-30 | 37.10% |
| 2020-06-30 | 37.59% |
| 2020-03-31 | 37.24% |
| 2019-12-31 | 37.79% |
| 2019-09-30 | 38.13% |
| 2019-06-30 | 38.83% |
| 2019-03-31 | 39.34% |
| 2018-12-31 | 38.09% |
| 2018-09-30 | 38.50% |
| 2018-06-30 | 39.61% |
| 2018-03-31 | 40.74% |
| 2017-12-31 | 42.77% |
| 2017-09-30 | 43.69% |
| 2017-06-30 | 44.63% |
| 2017-03-31 | 45.11% |
| 2016-12-31 | 46.17% |
| 2016-09-30 | 46.52% |
| 2016-06-30 | 43.75% |
| 2016-03-31 | 44.35% |
| 2015-12-31 | 43.90% |
| 2015-09-30 | 43.32% |
| 2015-06-30 | 43.91% |
| 2015-03-31 | 44.15% |
| 2014-12-31 | 44.49% |
| 2014-09-30 | 44.67% |
| 2014-06-30 | 46.31% |
| 2014-03-31 | 47.62% |
| 2013-12-31 | 49.06% |
| 2013-09-30 | 30.39% |
| 2013-06-30 | 31.04% |
| 2013-03-31 | 32.41% |
| 2012-12-31 | 33.40% |
| 2012-09-30 | 33.54% |
| 2012-06-30 | 43.34% |
| 2012-03-31 | 33.36% |
| 2011-12-31 | 34.42% |
| 2011-09-30 | 30.47% |
| 2011-06-30 | 30.12% |
| 2011-03-31 | 30.64% |
| 2010-12-31 | 30.60% |
| 2010-09-30 | 31.08% |
| 2010-06-30 | 30.89% |
| 2010-03-31 | 31.46% |
| 2009-12-31 | 31.63% |
| 2009-09-30 | 32.25% |
| 2009-06-30 | 33.28% |
| 2009-03-31 | 35.62% |
| 2008-12-31 | 35.11% |
| 2008-09-30 | 33.04% |
| 2008-06-30 | 37.95% |
| 2008-03-31 | 38.06% |
| 2007-12-31 | 33.27% |
| 2007-09-30 | 33.50% |
| 2007-06-30 | 33.77% |
| 2007-03-31 | 34.83% |
| 2006-12-31 | 38.50% |
| 2006-09-30 | 34.47% |
| 2006-06-30 | 35.21% |
| 2006-03-31 | 36.19% |
| 2005-12-31 | 35.23% |
| 2005-09-30 | 33.57% |
| 2005-06-30 | 33.33% |
| 2005-03-31 | 33.63% |
| 2004-12-31 | 33.36% |
| 2004-09-30 | 35.28% |
| 2004-06-30 | 35.90% |
| 2004-03-31 | 36.06% |
| 2003-12-31 | 35.16% |
| 2003-09-30 | 35.59% |
| 2003-06-30 | 36.84% |
| 2003-03-31 | 36.90% |
| 2002-12-31 | 37.44% |
| 2002-09-30 | 37.90% |
| 2002-06-30 | 39.17% |
