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 22.80% is in line with its 5-year average of 24.24%, near the low end of its 5-year range (19.73%–30.75%).
As of the fiscal period ended Friday, July 31, 2026. 1.31% above its 12-month average of 22.51%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-07-31): 22.80%.
DEBT TO ASSETS RATIO
22.80%
DEBT TO ASSETS RATIO AVG TTM
22.51%
DEBT TO ASSETS RATIO AVG 3Y
22.46%
DEBT TO ASSETS RATIO AVG 5Y
24.24%
DEBT TO ASSETS RATIO AVG 10Y
21.99%
DEBT TO ASSETS RATIO AVG 15Y
22.16%
DEBT TO ASSETS RATIO AVG 20Y
23.97%
CURRENT VS TTM AVG
+1.31%
CURRENT VS 3Y AVG
+1.53%
CURRENT VS 5Y AVG
-5.93%
CURRENT VS 10Y AVG
+3.69%
CURRENT VS 15Y AVG
+2.90%
CURRENT VS 20Y AVG
-4.88%
SECTOR MEDIAN · INDUSTRIALS
0.23%
median of 452 covered companies
CURRENT VS SECTOR MEDIAN
+9813.67%
vs the sector median at left
Perma-Pipe International Holdings, Inc.
Market Cap
$261.00M
Debt to Assets Ratio
22.80%
TTM Avg
22.51%
3Y Avg
22.46%
5Y Avg
24.24%
Market Cap
$256.14M
Debt to Assets Ratio
0.04%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$250.67M
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$272.46M
Debt to Assets Ratio
0.30%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Outdoor Holding Company - 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock
Market Cap
$249.45M
Debt to Assets Ratio
0.04%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$274.36M
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$278.02M
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Perma-Pipe International Holdings, Inc. (PPIH) | $261.00M | 22.80% | 22.51% | 22.46% | 24.24% |
| Omega Flex, Inc. (OFLX)vs › | $265.02M | 0.05% | N/A | N/A | N/A |
| Outdoor Holding Company (POWW)vs › | $256.14M | 0.04% | N/A | N/A | N/A |
| HireQuest, Inc. (HQI)vs › | $269.47M | 0.00% | N/A | N/A | N/A |
| AIAI Holdings Corporation Class A Common Stock (AIAI)vs › | $250.67M | N/A | N/A | N/A | N/A |
| Public Policy Holding Company, Inc. (PPHC)vs › | $272.46M | 0.30% | N/A | N/A | N/A |
| Outdoor Holding Company - 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP)vs › | $249.45M | 0.04% | N/A | N/A | N/A |
| Information Services Group, Inc. (III)vs › | $274.36M | 0.33% | N/A | N/A | N/A |
| AirJoule Technologies Corporation (AIRJ)vs › | $278.02M | 0.00% | N/A | N/A | N/A |
| Lightbridge Corporation (LTBR)vs › | $242.16M | 0.00% | N/A | N/A | N/A |
Debt/Assets
22.8%
Debt/Equity
0.57
Current Ratio
2.19
Interest Coverage
13.9x
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 |
|---|---|
| 2026-07-31 | 22.80% |
| 2026-04-30 | 25.17% |
| 2026-01-31 | 21.55% |
| 2025-10-31 | 19.73% |
| 2025-07-31 | 23.29% |
| 2025-04-30 | 20.83% |
| 2025-01-31 | 20.12% |
| 2024-10-31 | 21.84% |
| 2024-07-31 | 22.31% |
| 2024-04-30 | 21.69% |
| 2024-01-31 | 21.06% |
| 2023-10-31 | 25.60% |
| 2023-07-31 | 25.96% |
| 2023-04-30 | 25.56% |
| 2023-01-31 | 23.89% |
| 2022-10-31 | 28.16% |
| 2022-07-31 | 30.75% |
| 2022-04-30 | 28.49% |
| 2022-01-31 | 27.99% |
| 2021-10-31 | 26.55% |
| 2021-07-31 | 25.68% |
| 2021-04-30 | 27.51% |
| 2021-01-31 | 26.89% |
| 2020-10-31 | 24.67% |
| 2020-07-31 | 22.38% |
| 2020-04-30 | 25.36% |
| 2020-01-31 | 25.85% |
| 2019-10-31 | 23.91% |
| 2019-07-22 | 22.90% |
| 2019-04-30 | 22.12% |
| 2019-01-31 | 15.93% |
| 2018-10-31 | 20.82% |
| 2018-07-31 | 17.90% |
| 2018-04-30 | 18.19% |
| 2018-01-31 | 15.06% |
| 2017-10-31 | 17.76% |
| 2017-07-31 | 16.01% |
| 2017-04-30 | 13.20% |
| 2017-01-31 | 11.54% |
| 2016-10-31 | 13.37% |
| 2016-07-31 | 11.20% |
| 2016-04-30 | 12.18% |
| 2016-01-31 | 11.20% |
| 2015-10-31 | 25.45% |
| 2015-07-31 | 20.31% |
| 2015-04-30 | 20.27% |
| 2015-01-31 | 12.47% |
| 2014-10-31 | 19.64% |
| 2014-07-31 | 23.01% |
| 2014-04-30 | 19.77% |
| 2014-01-31 | 19.44% |
| 2013-10-31 | 23.25% |
| 2013-07-31 | 25.11% |
| 2013-04-30 | 26.24% |
| 2013-01-31 | 27.40% |
| 2012-10-31 | 29.07% |
| 2012-07-31 | 30.01% |
| 2012-04-30 | 28.28% |
| 2012-01-31 | 23.83% |
| 2011-10-31 | 26.96% |
| 2011-07-31 | 26.12% |
| 2011-04-30 | 26.98% |
| 2011-01-31 | 24.05% |
| 2010-10-31 | 25.02% |
| 2010-07-31 | 27.01% |
| 2010-04-16 | 24.89% |
| 2010-01-31 | 24.70% |
| 2009-10-31 | 23.08% |
| 2009-07-31 | 28.82% |
| 2009-04-30 | 31.26% |
| 2009-01-31 | 31.72% |
| 2008-10-31 | 30.57% |
| 2008-07-31 | 28.69% |
| 2008-04-30 | 28.17% |
| 2008-01-31 | 24.39% |
| 2007-10-31 | 21.66% |
| 2007-07-31 | 25.78% |
| 2007-04-30 | 24.41% |
| 2007-01-31 | 32.14% |
| 2006-10-31 | 35.19% |
| 2006-07-31 | 33.62% |
| 2006-04-30 | 34.33% |
| 2006-01-31 | 35.30% |
| 2005-10-31 | 32.77% |
| 2005-07-31 | 35.44% |
| 2005-04-30 | 34.27% |
| 2005-01-31 | 32.20% |
| 2004-10-31 | 33.25% |
| 2004-07-31 | 35.59% |
| 2004-04-30 | 37.81% |
| 2004-01-31 | 36.14% |
| 2003-10-31 | 40.15% |
| 2003-07-31 | 40.24% |
| 2003-04-30 | 40.19% |
| 2003-01-31 | 40.11% |
| 2002-10-31 | 34.75% |
