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 19.20% is in line with its 5-year average of 19.58%, near the low end of its 5-year range (18.70%–28.24%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.76% below its 12-month average of 21.28%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
19.20%
DEBT TO ASSETS RATIO AVG TTM
21.28%
DEBT TO ASSETS RATIO AVG 3Y
19.70%
DEBT TO ASSETS RATIO AVG 5Y
19.58%
DEBT TO ASSETS RATIO AVG 10Y
21.06%
DEBT TO ASSETS RATIO AVG 15Y
18.84%
DEBT TO ASSETS RATIO AVG 20Y
16.20%
CURRENT VS TTM AVG
-9.76%
CURRENT VS 3Y AVG
-2.52%
CURRENT VS 5Y AVG
-1.92%
CURRENT VS 10Y AVG
-8.82%
CURRENT VS 15Y AVG
+1.92%
CURRENT VS 20Y AVG
+18.55%
SECTOR MEDIAN · ENERGY
0.19%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+10007.68%
vs the sector median at left
Shell plc
Market Cap
$252.24B
Debt to Assets Ratio
19.20%
TTM Avg
21.28%
3Y Avg
19.70%
5Y Avg
19.58%
Market Cap
$398.34B
Debt to Assets Ratio
0.11%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$103.76B
Debt to Assets Ratio
0.36%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$100.05B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$98.38B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$91.98B
Debt to Assets Ratio
0.51%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$84.16B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shell plc (SHEL) | $252.24B | 19.20% | 21.28% | 19.70% | 19.58% |
| ConocoPhillips (COP)vs › | $154.46B | 0.19% | N/A | N/A | N/A |
| Chevron Corporation (CVX)vs › | $398.34B | 0.11% | N/A | N/A | N/A |
| Marathon Petroleum Corporation (MPC)vs › | $103.76B | 0.36% | N/A | N/A | N/A |
| Canadian Natural Resources Limited (CNQ)vs › | $100.05B | 0.18% | N/A | N/A | N/A |
| Valero Energy Corporation (VLO)vs › | $98.38B | 0.18% | N/A | N/A | N/A |
| Phillips 66 (PSX)vs › | $93.66B | 0.25% | N/A | N/A | N/A |
| The Williams Companies, Inc. (WMB)vs › | $91.98B | 0.51% | N/A | N/A | N/A |
| Enterprise Products Partners L.P. (EPD)vs › | $84.16B | 0.03% | N/A | N/A | N/A |
| Eni S.p.A. (E)vs › | $80.09B | 0.25% | N/A | N/A | N/A |
Debt/Assets
19.2%
Debt/Equity
0.40
Current Ratio
1.43
Interest Coverage
5.8x
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 | 19.20% |
| 2026-03-31 | 19.88% |
| 2025-12-31 | 28.24% |
| 2025-09-30 | 19.58% |
| 2025-06-30 | 19.51% |
| 2025-03-31 | 19.66% |
| 2024-12-31 | 19.90% |
| 2024-09-30 | 19.40% |
| 2024-06-30 | 19.12% |
| 2024-03-31 | 19.88% |
| 2023-12-31 | 20.09% |
| 2023-09-30 | 19.87% |
| 2023-06-30 | 20.33% |
| 2023-03-31 | 19.84% |
| 2022-12-31 | 18.91% |
| 2022-09-30 | 18.75% |
| 2022-06-30 | 18.70% |
| 2022-03-31 | 20.25% |
| 2021-12-31 | 22.03% |
| 2021-09-30 | 23.34% |
| 2021-06-30 | 25.15% |
| 2021-03-31 | 26.56% |
| 2020-12-31 | 28.48% |
| 2020-09-30 | 28.76% |
| 2020-06-30 | 27.99% |
| 2020-03-31 | 24.13% |
| 2019-12-31 | 23.85% |
| 2019-09-30 | 22.47% |
| 2019-06-30 | 22.66% |
| 2019-03-31 | 22.47% |
| 2018-12-31 | 19.24% |
| 2018-09-30 | 19.21% |
| 2018-06-30 | 19.76% |
| 2018-03-31 | 21.43% |
| 2017-12-31 | 21.04% |
| 2017-09-30 | 21.39% |
| 2017-06-30 | 21.99% |
| 2017-03-31 | 22.30% |
| 2016-12-31 | 22.49% |
| 2016-09-30 | 23.31% |
| 2016-06-30 | 21.64% |
| 2016-03-31 | 19.43% |
| 2015-12-31 | 17.16% |
| 2015-09-30 | 16.17% |
| 2015-06-30 | 14.86% |
| 2015-03-31 | 12.83% |
| 2014-12-31 | 12.90% |
| 2014-09-30 | 11.96% |
| 2014-06-30 | 11.90% |
| 2014-03-31 | 12.47% |
| 2013-12-31 | 12.35% |
| 2013-09-30 | 10.46% |
| 2013-06-30 | 9.54% |
| 2013-03-31 | 10.03% |
| 2012-12-31 | 10.78% |
| 2012-09-30 | 0.00% |
| 2012-06-30 | 9.54% |
| 2012-03-31 | 9.68% |
| 2011-12-31 | 10.77% |
| 2011-09-30 | 11.33% |
| 2011-06-30 | 13.63% |
| 2011-03-31 | 12.42% |
| 2010-12-31 | 13.74% |
| 2010-09-30 | 14.51% |
| 2010-06-30 | 13.56% |
| 2010-03-31 | 12.55% |
| 2009-12-31 | 11.99% |
| 2009-09-30 | 12.21% |
| 2009-06-30 | 10.31% |
| 2009-03-31 | 8.90% |
| 2008-12-31 | 8.24% |
| 2008-09-30 | 5.54% |
| 2008-06-30 | 4.79% |
| 2008-03-31 | 5.78% |
| 2007-12-31 | 6.72% |
| 2007-09-30 | 6.89% |
| 2007-06-30 | 7.25% |
| 2007-03-31 | 7.20% |
| 2006-12-31 | 6.70% |
| 2006-09-30 | 6.02% |
| 2006-06-30 | 6.33% |
| 2006-03-31 | 5.70% |
| 2005-12-31 | 5.88% |
| 2005-09-30 | 6.01% |
| 2005-06-30 | 6.61% |
| 2005-03-31 | 7.02% |
| 2004-12-31 | 7.78% |
| 2004-09-30 | 9.28% |
| 2004-06-30 | 0.00% |
