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 34.90% is 15% below its 5-year average of 41.20%, near the low end of its 5-year range (34.90%–56.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 26.10% below its 12-month average of 47.23%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 34.90%.
DEBT TO ASSETS RATIO
34.90%
DEBT TO ASSETS RATIO AVG TTM
47.23%
DEBT TO ASSETS RATIO AVG 3Y
43.41%
DEBT TO ASSETS RATIO AVG 5Y
41.20%
DEBT TO ASSETS RATIO AVG 10Y
36.43%
DEBT TO ASSETS RATIO AVG 15Y
32.69%
DEBT TO ASSETS RATIO AVG 20Y
32.18%
CURRENT VS TTM AVG
-26.10%
CURRENT VS 3Y AVG
-19.61%
CURRENT VS 5Y AVG
-15.29%
CURRENT VS 10Y AVG
-4.19%
CURRENT VS 15Y AVG
+6.77%
CURRENT VS 20Y AVG
+8.45%
SECTOR MEDIAN · UTILITIES
0.44%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+7831.87%
vs the sector median at left
Pinnacle West Capital Corporation
Market Cap
$11.29B
Debt to Assets Ratio
34.90%
TTM Avg
47.23%
3Y Avg
43.41%
5Y Avg
41.20%
Market Cap
$13.37B
Debt to Assets Ratio
0.64%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$9.11B
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$16.69B
Debt to Assets Ratio
0.48%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.46B
Debt to Assets Ratio
0.41%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pinnacle West Capital Corporation (PNW) | $11.29B | 34.90% | 47.23% | 43.41% | 41.20% |
| The AES Corporation (AES)vs › | $10.57B | 0.59% | N/A | N/A | N/A |
| Talen Energy Corporation (TLN)vs › | $13.37B | 0.64% | N/A | N/A | N/A |
| Brookfield Renewable Partners L.P. (BEP)vs › | $9.11B | 0.38% | N/A | N/A | N/A |
| UGI Corporation (UGI)vs › | $7.90B | 0.43% | N/A | N/A | N/A |
| Oklo Inc. (OKLO)vs › | $7.04B | 0.00% | N/A | N/A | N/A |
| Alliant Energy Corporation (LNT)vs › | $16.69B | 0.48% | N/A | N/A | N/A |
| Black Hills Corporation (BKH)vs › | $5.46B | 0.41% | N/A | N/A | N/A |
| Evergy, Inc. (EVRG)vs › | $18.27B | 0.47% | N/A | N/A | N/A |
| NiSource Inc (NI)vs › | $19.12B | 0.47% | N/A | N/A | N/A |
Debt/Assets
34.9%
Debt/Equity
1.62
Current Ratio
0.59
Interest Coverage
2.6x
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 | 34.90% |
| 2026-03-31 | 49.34% |
| 2025-12-31 | 56.33% |
| 2025-09-30 | 47.66% |
| 2025-06-30 | 47.90% |
| 2025-03-31 | 44.54% |
| 2024-12-31 | 42.33% |
| 2024-09-30 | 43.01% |
| 2024-06-30 | 43.62% |
| 2024-03-31 | 42.28% |
| 2023-12-31 | 41.78% |
| 2023-09-30 | 41.47% |
| 2023-06-30 | 42.12% |
| 2023-03-31 | 41.48% |
| 2022-12-31 | 39.07% |
| 2022-09-30 | 37.69% |
| 2022-06-30 | 38.30% |
| 2022-03-31 | 37.50% |
| 2021-12-31 | 37.20% |
| 2021-09-30 | 35.51% |
| 2021-06-30 | 36.31% |
| 2021-03-31 | 35.25% |
| 2020-12-31 | 34.56% |
| 2020-09-30 | 34.54% |
| 2020-06-30 | 34.74% |
| 2020-03-31 | 32.92% |
| 2019-12-31 | 31.45% |
| 2019-09-30 | 30.31% |
| 2019-06-30 | 31.28% |
| 2019-03-31 | 30.80% |
| 2018-12-31 | 29.52% |
| 2018-09-30 | 29.51% |
| 2018-06-30 | 30.92% |
| 2018-03-31 | 30.57% |
| 2017-12-31 | 29.19% |
| 2017-09-30 | 28.45% |
| 2017-06-30 | 29.28% |
| 2017-03-31 | 28.45% |
| 2016-12-31 | 27.02% |
| 2016-09-30 | 27.08% |
| 2016-06-30 | 27.39% |
| 2016-03-31 | 26.88% |
| 2015-12-31 | 25.42% |
| 2015-09-30 | 25.05% |
| 2015-06-30 | 26.03% |
| 2015-03-31 | 25.70% |
| 2014-12-31 | 24.89% |
| 2014-09-30 | 24.50% |
| 2014-06-30 | 25.89% |
| 2014-03-31 | 26.73% |
| 2013-12-31 | 25.84% |
| 2013-09-30 | 24.50% |
| 2013-06-30 | 25.43% |
| 2013-03-31 | 25.77% |
| 2012-12-31 | 25.52% |
| 2012-09-30 | 25.48% |
| 2012-06-30 | 26.78% |
| 2012-03-31 | 27.76% |
| 2011-12-31 | 26.67% |
| 2011-09-30 | 29.83% |
| 2011-06-30 | 29.44% |
| 2011-03-31 | 30.03% |
| 2010-12-31 | 29.10% |
| 2010-09-30 | 29.77% |
| 2010-06-30 | 31.17% |
| 2010-03-31 | 34.23% |
| 2009-12-31 | 32.20% |
| 2009-09-30 | 32.21% |
| 2009-06-30 | 35.83% |
| 2009-03-31 | 35.94% |
| 2008-12-31 | 33.39% |
| 2008-09-30 | 31.82% |
| 2008-06-30 | 30.02% |
| 2008-03-31 | 32.60% |
| 2007-12-31 | 32.30% |
| 2007-09-30 | 31.33% |
| 2007-06-30 | 30.76% |
| 2007-03-31 | 30.15% |
| 2006-12-31 | 28.54% |
| 2006-09-30 | 30.03% |
| 2006-06-30 | 28.88% |
| 2006-03-31 | 29.54% |
| 2005-12-31 | 26.58% |
| 2005-09-30 | 28.41% |
| 2005-06-30 | 32.78% |
| 2005-03-31 | 31.52% |
| 2004-12-31 | 33.07% |
| 2004-09-30 | 33.04% |
| 2004-06-30 | 34.18% |
| 2004-03-31 | 34.02% |
| 2003-12-31 | 35.75% |
| 2003-09-30 | 37.09% |
| 2003-06-30 | 37.87% |
| 2003-03-31 | 38.13% |
| 2002-12-31 | 38.75% |
| 2002-09-30 | 40.63% |
