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 23.34% is 14% below its 5-year average of 27.22%, around the middle of its 5-year range (18.49%–31.70%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.22% below its 12-month average of 25.15%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
23.34%
DEBT TO ASSETS RATIO AVG TTM
25.15%
DEBT TO ASSETS RATIO AVG 3Y
25.52%
DEBT TO ASSETS RATIO AVG 5Y
27.22%
DEBT TO ASSETS RATIO AVG 10Y
21.36%
DEBT TO ASSETS RATIO AVG 15Y
14.94%
DEBT TO ASSETS RATIO AVG 20Y
13.94%
CURRENT VS TTM AVG
-7.22%
CURRENT VS 3Y AVG
-8.56%
CURRENT VS 5Y AVG
-14.25%
CURRENT VS 10Y AVG
+9.25%
CURRENT VS 15Y AVG
+56.27%
CURRENT VS 20Y AVG
+67.41%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 126 covered companies
CURRENT VS SECTOR MEDIAN
+8544.21%
vs the sector median at left
Quanta Services, Inc.
Market Cap
$101.63B
Debt to Assets Ratio
23.34%
TTM Avg
25.15%
3Y Avg
25.52%
5Y Avg
27.22%
Market Cap
$101.24B
Debt to Assets Ratio
0.19%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$103.17B
Debt to Assets Ratio
0.12%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$90.31B
Debt to Assets Ratio
0.35%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$90.16B
Debt to Assets Ratio
0.02%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$113.63B
Debt to Assets Ratio
0.36%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Quanta Services, Inc. (PWR) | $101.63B | 23.34% | 25.15% | 25.52% | 27.22% |
| Trane Technologies plc (TT)vs › | $101.24B | 0.19% | N/A | N/A | N/A |
| General Dynamics Corporation (GD)vs › | $103.17B | 0.12% | N/A | N/A | N/A |
| Vertiv Holdings Co (VRT)vs › | $99.56B | 0.02% | N/A | N/A | N/A |
| CSX Corporation (CSX)vs › | $92.73B | 0.43% | N/A | N/A | N/A |
| 3M Company (MMM)vs › | $91.55B | 0.36% | N/A | N/A | N/A |
| United Parcel Service, Inc. (UPS)vs › | $90.31B | 0.35% | N/A | N/A | N/A |
| Waste Management, Inc. (WM)vs › | $90.16B | 0.02% | N/A | N/A | N/A |
| Howmet Aerospace Inc. (HWM)vs › | $113.63B | 0.36% | N/A | N/A | N/A |
| Cummins Inc. (CMI)vs › | $89.32B | 0.24% | N/A | N/A | N/A |
Debt/Assets
23.3%
Debt/Equity
0.69
Current Ratio
1.10
Interest Coverage
6.3x
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 | 23.34% |
| 2026-03-31 | 24.55% |
| 2025-12-31 | 25.75% |
| 2025-09-30 | 26.46% |
| 2025-06-30 | 25.68% |
| 2025-03-31 | 24.81% |
| 2024-12-31 | 23.97% |
| 2024-09-30 | 26.54% |
| 2024-06-30 | 23.97% |
| 2024-03-31 | 25.78% |
| 2023-12-31 | 27.49% |
| 2023-09-30 | 27.97% |
| 2023-06-30 | 30.64% |
| 2023-03-31 | 31.21% |
| 2022-12-31 | 29.53% |
| 2022-09-30 | 31.30% |
| 2022-06-30 | 31.70% |
| 2022-03-31 | 31.36% |
| 2021-12-31 | 31.13% |
| 2021-09-30 | 29.93% |
| 2021-06-30 | 18.49% |
| 2021-03-31 | 18.91% |
| 2020-12-31 | 17.30% |
| 2020-09-30 | 17.83% |
| 2020-06-30 | 20.64% |
| 2020-03-31 | 23.76% |
| 2019-12-31 | 19.88% |
| 2019-09-30 | 24.56% |
| 2019-06-30 | 23.13% |
| 2019-03-31 | 21.89% |
| 2018-12-31 | 15.63% |
| 2018-09-30 | 13.57% |
| 2018-06-30 | 12.61% |
| 2018-03-31 | 13.31% |
| 2017-12-31 | 10.37% |
| 2017-09-30 | 11.49% |
| 2017-06-30 | 8.43% |
| 2017-03-31 | 7.64% |
| 2016-12-31 | 6.74% |
| 2016-09-30 | 8.90% |
| 2016-06-30 | 7.68% |
| 2016-03-31 | 7.71% |
| 2015-12-31 | 9.25% |
| 2015-09-30 | 6.52% |
| 2015-06-30 | 3.54% |
| 2015-03-31 | 2.03% |
| 2014-12-31 | 1.29% |
| 2014-09-30 | 1.36% |
| 2014-06-30 | 0.10% |
| 2014-03-31 | 0.11% |
| 2013-12-31 | 0.04% |
| 2013-09-30 | 0.05% |
| 2013-06-30 | 0.00% |
| 2013-03-31 | 0.00% |
| 2012-12-31 | 0.00% |
| 2012-09-30 | 2.38% |
| 2012-06-30 | 0.80% |
| 2012-03-31 | 0.00% |
| 2011-12-31 | 0.00% |
| 2011-09-30 | 0.00% |
| 2011-06-30 | 0.03% |
| 2011-03-31 | 0.03% |
| 2010-12-31 | 0.03% |
| 2010-09-30 | 0.01% |
| 2010-06-30 | 0.01% |
| 2010-03-31 | 3.16% |
| 2009-12-31 | 3.16% |
| 2009-09-30 | 3.45% |
| 2009-06-30 | 3.46% |
| 2009-03-31 | 3.55% |
| 2008-12-31 | 4.08% |
| 2008-09-30 | 11.58% |
| 2008-06-30 | 11.86% |
| 2008-03-31 | 12.20% |
| 2007-12-31 | 12.24% |
| 2007-09-30 | 12.64% |
| 2007-06-30 | 26.58% |
| 2007-03-31 | 26.90% |
| 2006-12-31 | 27.37% |
| 2006-09-30 | 27.61% |
| 2006-06-30 | 28.34% |
| 2006-03-31 | 28.79% |
| 2005-12-31 | 29.09% |
| 2005-09-30 | 29.83% |
| 2005-06-30 | 31.37% |
| 2005-03-31 | 31.78% |
| 2004-12-31 | 32.23% |
| 2004-09-30 | 32.18% |
| 2004-06-30 | 34.06% |
| 2004-03-31 | 34.23% |
| 2003-12-31 | 34.48% |
| 2003-09-30 | 28.05% |
| 2003-06-30 | 28.71% |
| 2003-03-31 | 29.09% |
| 2002-12-31 | 28.75% |
| 2002-09-30 | 37.56% |
