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 23.48% is in line with its 5-year average of 24.71%, around the middle of its 5-year range (18.13%–30.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.79% above its 12-month average of 23.30%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 23.48%.
DEBT TO ASSETS RATIO
23.48%
DEBT TO ASSETS RATIO AVG TTM
23.30%
DEBT TO ASSETS RATIO AVG 3Y
21.85%
DEBT TO ASSETS RATIO AVG 5Y
24.71%
DEBT TO ASSETS RATIO AVG 10Y
22.61%
DEBT TO ASSETS RATIO AVG 15Y
20.03%
DEBT TO ASSETS RATIO AVG 20Y
15.55%
CURRENT VS TTM AVG
+0.79%
CURRENT VS 3Y AVG
+7.49%
CURRENT VS 5Y AVG
-4.94%
CURRENT VS 10Y AVG
+3.85%
CURRENT VS 15Y AVG
+17.27%
CURRENT VS 20Y AVG
+51.05%
SECTOR MEDIAN · ENERGY
0.23%
median of 114 covered companies
CURRENT VS SECTOR MEDIAN
+10337.68%
vs the sector median at left
Patterson-UTI Energy, Inc.
Market Cap
$4.33B
Debt to Assets Ratio
23.48%
TTM Avg
23.30%
3Y Avg
21.85%
5Y Avg
24.71%
Market Cap
$4.46B
Debt to Assets Ratio
0.61%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.48B
Debt to Assets Ratio
0.31%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.48B
Debt to Assets Ratio
0.21%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.66B
Debt to Assets Ratio
0.19%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.96B
Debt to Assets Ratio
0.30%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.19B
Debt to Assets Ratio
0.29%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.17B
Debt to Assets Ratio
0.20%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Patterson-UTI Energy, Inc. (PTEN) | $4.33B | 23.48% | 23.30% | 21.85% | 24.71% |
| Icahn Enterprises L.P. (IEP)vs › | $4.46B | 0.61% | N/A | N/A | N/A |
| Oceaneering International, Inc. (OII)vs › | $4.48B | 0.31% | N/A | N/A | N/A |
| Enphase Energy, Inc. (ENPH)vs › | $4.48B | 0.21% | N/A | N/A | N/A |
| California Resources Corp (CRC)vs › | $4.66B | 0.19% | N/A | N/A | N/A |
| Helmerich & Payne, Inc. (HP)vs › | $3.96B | 0.30% | N/A | N/A | N/A |
| Golar LNG Limited (GLNG)vs › | $5.09B | 0.50% | N/A | N/A | N/A |
| Plains GP Holdings LP (PAGP)vs › | $5.19B | 0.29% | N/A | N/A | N/A |
| Alliance Resource Partners, L.P. (ARLP)vs › | $3.17B | 0.20% | N/A | N/A | N/A |
| Weatherford International plc (WFRD)vs › | $5.73B | 0.32% | N/A | N/A | N/A |
Debt/Assets
23.5%
Debt/Equity
0.41
Current Ratio
1.75
Interest Coverage
-0.4x
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 | 23.48% |
| 2026-03-31 | 23.67% |
| 2025-12-31 | 22.99% |
| 2025-09-30 | 23.28% |
| 2025-06-30 | 23.08% |
| 2025-03-31 | 22.41% |
| 2024-12-31 | 22.27% |
| 2024-09-30 | 22.00% |
| 2024-06-30 | 19.18% |
| 2024-03-31 | 18.28% |
| 2023-12-31 | 18.13% |
| 2023-09-30 | 18.16% |
| 2023-06-30 | 27.09% |
| 2023-03-31 | 27.35% |
| 2022-12-31 | 27.22% |
| 2022-09-30 | 28.89% |
| 2022-06-30 | 30.58% |
| 2022-03-31 | 30.37% |
| 2021-12-31 | 29.66% |
| 2021-09-30 | 30.62% |
| 2021-06-30 | 30.11% |
| 2021-03-31 | 29.20% |
| 2020-12-31 | 25.01% |
| 2020-09-30 | 28.52% |
| 2020-06-30 | 27.57% |
| 2020-03-31 | 25.88% |
| 2019-12-31 | 22.59% |
| 2019-09-30 | 21.68% |
| 2019-06-30 | 22.17% |
| 2019-03-31 | 21.47% |
| 2018-12-31 | 20.46% |
| 2018-09-30 | 19.23% |
| 2018-06-30 | 18.79% |
| 2018-03-31 | 18.60% |
| 2017-12-31 | 15.05% |
| 2017-09-30 | 13.57% |
| 2017-06-30 | 13.21% |
| 2017-03-31 | 14.32% |
| 2016-12-31 | 15.73% |
| 2016-09-30 | 15.69% |
| 2016-06-30 | 19.63% |
| 2016-03-31 | 19.13% |
| 2015-12-31 | 18.86% |
| 2015-09-30 | 18.49% |
| 2015-06-30 | 17.28% |
| 2015-03-31 | 16.82% |
| 2014-12-31 | 18.27% |
| 2014-09-30 | 13.79% |
| 2014-06-30 | 14.01% |
| 2014-03-31 | 14.34% |
| 2013-12-31 | 14.77% |
| 2013-09-30 | 14.86% |
| 2013-06-30 | 14.93% |
| 2013-03-31 | 14.98% |
| 2012-12-31 | 15.33% |
| 2012-09-30 | 13.42% |
| 2012-06-30 | 13.51% |
| 2012-03-31 | 8.94% |
| 2011-12-31 | 11.90% |
| 2011-09-30 | 10.30% |
| 2011-06-30 | 10.49% |
| 2011-03-31 | 11.09% |
| 2010-12-31 | 11.65% |
| 2010-09-30 | 3.34% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 0.00% |
| 2009-09-30 | 0.00% |
| 2009-06-30 | 0.00% |
| 2009-03-31 | 0.00% |
| 2008-12-31 | 0.00% |
| 2008-09-30 | 0.00% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 0.00% |
| 2007-12-31 | 2.03% |
| 2007-09-30 | 0.41% |
| 2007-06-30 | 0.63% |
| 2007-03-31 | 0.00% |
| 2006-12-31 | 5.47% |
| 2006-09-30 | 3.10% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2003-09-30 | 0.00% |
| 2003-06-30 | 0.00% |
| 2003-03-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 0.00% |
