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 43.71% is 13% above its 5-year average of 38.76%, near the high end of its 5-year range (32.60%–43.71%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.58% above its 12-month average of 42.61%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
43.71%
DEBT TO ASSETS RATIO AVG TTM
42.61%
DEBT TO ASSETS RATIO AVG 3Y
40.83%
DEBT TO ASSETS RATIO AVG 5Y
38.76%
DEBT TO ASSETS RATIO AVG 10Y
44.31%
DEBT TO ASSETS RATIO AVG 15Y
44.78%
DEBT TO ASSETS RATIO AVG 20Y
42.89%
CURRENT VS TTM AVG
+2.58%
CURRENT VS 3Y AVG
+7.05%
CURRENT VS 5Y AVG
+12.76%
CURRENT VS 10Y AVG
-1.36%
CURRENT VS 15Y AVG
-2.39%
CURRENT VS 20Y AVG
+1.89%
SECTOR MEDIAN · UTILITIES
0.43%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+10064.37%
vs the sector median at left
PPL Corporation
Market Cap
$26.49B
Debt to Assets Ratio
43.71%
TTM Avg
42.61%
3Y Avg
40.83%
5Y Avg
38.76%
Market Cap
$26.66B
Debt to Assets Ratio
0.44%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$27.69B
Debt to Assets Ratio
0.49%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$28.84B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PPL Corporation (PPL) | $26.49B | 43.71% | 42.61% | 40.83% | 38.76% |
| American Water Works Company, Inc. (AWK)vs › | $26.66B | 0.44% | N/A | N/A | N/A |
| Eversource Energy (ES)vs › | $26.92B | 0.47% | N/A | N/A | N/A |
| CenterPoint Energy, Inc. (CNP)vs › | $27.69B | 0.49% | N/A | N/A | N/A |
| FirstEnergy Corp. (FE)vs › | $27.95B | 0.48% | N/A | N/A | N/A |
| Edison International (EIX)vs › | $28.23B | 0.45% | N/A | N/A | N/A |
| NRG Energy, Inc. (NRG)vs › | $28.33B | 0.58% | N/A | N/A | N/A |
| Atmos Energy Corporation (ATO)vs › | $28.84B | 0.32% | N/A | N/A | N/A |
| DTE Energy Company (DTE)vs › | $29.52B | 0.49% | N/A | N/A | N/A |
| Ameren Corporation (AEE)vs › | $30.33B | 0.41% | N/A | N/A | N/A |
Debt/Assets
43.7%
Debt/Equity
1.30
Current Ratio
0.86
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 |
|---|---|
| 2026-03-31 | 43.71% |
| 2025-12-31 | 42.77% |
| 2025-09-30 | 43.21% |
| 2025-06-30 | 42.01% |
| 2025-03-31 | 41.34% |
| 2024-12-31 | 40.92% |
| 2024-09-30 | 40.77% |
| 2024-06-30 | 40.53% |
| 2024-03-31 | 40.49% |
| 2023-12-31 | 39.77% |
| 2023-09-30 | 38.47% |
| 2023-06-30 | 38.69% |
| 2023-03-31 | 38.08% |
| 2022-12-31 | 37.60% |
| 2022-09-30 | 36.79% |
| 2022-06-30 | 36.81% |
| 2022-03-31 | 35.56% |
| 2021-12-31 | 33.74% |
| 2021-09-30 | 32.60% |
| 2021-06-30 | 36.17% |
| 2021-03-31 | 33.98% |
| 2020-12-31 | 32.96% |
| 2020-09-30 | 50.36% |
| 2020-06-30 | 51.56% |
| 2020-03-31 | 50.80% |
| 2019-12-31 | 50.45% |
| 2019-09-30 | 51.47% |
| 2019-06-30 | 51.44% |
| 2019-03-31 | 51.03% |
| 2018-12-31 | 50.76% |
| 2018-09-30 | 50.66% |
| 2018-06-30 | 52.03% |
| 2018-03-31 | 51.72% |
| 2017-12-31 | 51.29% |
| 2017-09-30 | 50.96% |
| 2017-06-30 | 51.46% |
| 2017-03-31 | 51.34% |
| 2016-12-31 | 50.24% |
| 2016-09-30 | 50.34% |
| 2016-06-30 | 50.66% |
| 2016-03-31 | 51.21% |
| 2015-12-31 | 50.80% |
| 2015-09-30 | 50.35% |
| 2015-06-30 | 50.21% |
| 2015-03-31 | 44.77% |
| 2014-12-31 | 38.66% |
| 2014-09-30 | 45.35% |
| 2014-06-30 | 45.51% |
| 2014-03-31 | 46.69% |
| 2013-12-31 | 46.71% |
| 2013-09-30 | 45.22% |
| 2013-06-30 | 47.62% |
| 2013-03-31 | 47.74% |
| 2012-12-31 | 46.13% |
| 2012-09-30 | 45.21% |
| 2012-06-30 | 45.05% |
| 2012-03-31 | 42.53% |
| 2011-12-31 | 43.54% |
| 2011-09-30 | 45.43% |
| 2011-06-30 | 45.55% |
| 2011-03-31 | 41.63% |
| 2010-12-31 | 40.68% |
| 2010-09-30 | 33.75% |
| 2010-06-30 | 35.41% |
| 2010-03-31 | 33.05% |
| 2009-12-31 | 35.11% |
| 2009-09-30 | 35.86% |
| 2009-06-30 | 37.13% |
| 2009-03-31 | 36.06% |
| 2008-12-31 | 39.79% |
| 2008-09-30 | 33.72% |
| 2008-06-30 | 32.17% |
| 2008-03-31 | 37.54% |
| 2007-12-31 | 38.35% |
| 2007-09-30 | 39.51% |
| 2007-06-30 | 38.39% |
| 2007-03-31 | 39.88% |
| 2006-12-31 | 39.89% |
| 2006-09-30 | 38.83% |
| 2006-06-30 | 38.08% |
| 2006-03-31 | 39.78% |
| 2005-12-31 | 41.19% |
| 2005-09-30 | 38.72% |
| 2005-06-30 | 41.40% |
| 2005-03-31 | 42.83% |
| 2004-12-31 | 43.85% |
| 2004-09-30 | 45.23% |
| 2004-06-30 | 44.53% |
| 2004-03-31 | 48.72% |
| 2003-12-31 | 50.20% |
| 2003-09-30 | 47.33% |
| 2003-06-30 | 43.88% |
| 2003-03-31 | 46.35% |
| 2002-12-31 | 46.31% |
| 2002-09-30 | 47.04% |
| 2002-06-30 | 46.98% |
