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 1.23% is 88% below its 5-year average of 9.91%, near the low end of its 5-year range (1.23%–12.98%).
As of the fiscal period ended Tuesday, June 30, 2026. 67.59% below its 12-month average of 3.80%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
1.23%
DEBT TO ASSETS RATIO AVG TTM
3.80%
DEBT TO ASSETS RATIO AVG 3Y
9.40%
DEBT TO ASSETS RATIO AVG 5Y
9.91%
DEBT TO ASSETS RATIO AVG 10Y
6.39%
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-67.59%
CURRENT VS 3Y AVG
-86.91%
CURRENT VS 5Y AVG
-87.59%
CURRENT VS 10Y AVG
-80.75%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.18%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
+564.94%
vs the sector median at left
Shopify Inc.
Market Cap
$173.51B
Debt to Assets Ratio
1.23%
TTM Avg
3.80%
3Y Avg
9.40%
5Y Avg
9.91%
Market Cap
$176.08B
Debt to Assets Ratio
0.19%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$168.43B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$182.40B
Debt to Assets Ratio
0.27%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$148.48B
Debt to Assets Ratio
0.22%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$200.07B
Debt to Assets Ratio
0.19%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$204.96B
Debt to Assets Ratio
0.42%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shopify Inc. (SHOP) | $173.51B | 1.23% | 3.80% | 9.40% | 9.91% |
| Analog Devices, Inc. (ADI)vs › | $176.08B | 0.19% | N/A | N/A | N/A |
| Western Digital Corporation (WDC)vs › | $168.43B | 0.08% | N/A | N/A | N/A |
| QUALCOMM Incorporated (QCOM)vs › | $182.40B | 0.27% | N/A | N/A | N/A |
| Uber Technologies, Inc. (UBER)vs › | $148.48B | 0.22% | N/A | N/A | N/A |
| Marvell Technology, Inc. (MRVL)vs › | $200.07B | 0.19% | N/A | N/A | N/A |
| Salesforce, Inc. (CRM)vs › | $201.54B | 0.38% | N/A | N/A | N/A |
| Corning Inc (GLW)vs › | $145.12B | 0.28% | N/A | N/A | N/A |
| Amphenol Corporation (APH)vs › | $204.96B | 0.42% | N/A | N/A | N/A |
| Seagate Technology Holdings plc (STX)vs › | $206.84B | 0.39% | N/A | N/A | N/A |
Debt/Assets
1.2%
Debt/Equity
0.01
Current Ratio
5.35
Interest Coverage
N/A
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 | 1.23% |
| 2026-03-31 | 1.27% |
| 2025-12-31 | 1.24% |
| 2025-09-30 | 7.42% |
| 2025-06-30 | 7.82% |
| 2025-03-31 | 8.49% |
| 2024-12-31 | 8.09% |
| 2024-09-30 | 9.25% |
| 2024-06-30 | 10.02% |
| 2024-03-31 | 10.30% |
| 2023-12-31 | 10.18% |
| 2023-09-30 | 10.72% |
| 2023-06-30 | 11.69% |
| 2023-03-31 | 12.76% |
| 2022-12-31 | 12.98% |
| 2022-09-30 | 11.59% |
| 2022-06-30 | 11.09% |
| 2022-03-31 | 10.10% |
| 2021-12-31 | 8.80% |
| 2021-09-30 | 8.13% |
| 2021-06-30 | 9.01% |
| 2021-03-31 | 9.96% |
| 2020-12-31 | 11.76% |
| 2020-09-30 | 12.10% |
| 2020-06-30 | 3.00% |
| 2020-03-31 | 4.08% |
| 2019-12-31 | 4.35% |
| 2019-09-30 | 3.48% |
| 2019-06-30 | 4.64% |
| 2019-03-31 | 4.33% |
| 2018-12-31 | 1.10% |
| 2018-09-30 | 1.18% |
| 2018-06-30 | 1.05% |
| 2018-03-31 | 1.00% |
| 2017-12-31 | 1.48% |
| 2017-09-30 | 1.52% |
| 2017-06-30 | 1.31% |
| 2017-03-31 | 2.78% |
| 2016-12-31 | 2.84% |
| 2016-09-30 | 2.74% |
| 2016-06-30 | 5.10% |
| 2016-03-31 | 4.86% |
| 2015-12-31 | 4.64% |
| 2015-09-30 | 4.25% |
| 2015-06-30 | 3.96% |
| 2015-03-31 | 8.55% |
| 2014-12-31 | 8.17% |
