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 9.77% is 45% below its 2-year average of 17.75%, near the low end of its 2-year range (8.39%–34.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.93% below its 12-month average of 11.09%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 9.77%.
DEBT TO ASSETS RATIO
9.77%
DEBT TO ASSETS RATIO AVG TTM
11.09%
DEBT TO ASSETS RATIO AVG 3Y
N/A
DEBT TO ASSETS RATIO AVG 5Y
N/A
DEBT TO ASSETS RATIO AVG 10Y
N/A
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-11.93%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
0.29%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+3327.82%
vs the sector median at left
Shoulder Innovations, Inc.
Market Cap
$376.61M
Debt to Assets Ratio
9.77%
TTM Avg
11.09%
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$45.05M
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.99B
Debt to Assets Ratio
0.59%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.10B
Debt to Assets Ratio
0.29%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.59B
Debt to Assets Ratio
0.39%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shoulder Innovations, Inc. (SI) | $376.61M | 9.77% | 11.09% | N/A | N/A |
| NRC Health (NRC)vs › | $463.35M | 0.66% | N/A | N/A | N/A |
| PDS Biotechnology Corporation (PDSB)vs › | $45.05M | 0.50% | N/A | N/A | N/A |
| Teladoc Health, Inc. (TDOC)vs › | $1.14B | 0.38% | N/A | N/A | N/A |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.91B | 0.44% | N/A | N/A | N/A |
| TransMedics Group, Inc. (TMDX)vs › | $2.99B | 0.59% | N/A | N/A | N/A |
| Doximity, Inc. (DOCS)vs › | $4.88B | 0.01% | N/A | N/A | N/A |
| Merit Medical Systems, Inc. (MMSI)vs › | $5.10B | 0.29% | N/A | N/A | N/A |
| Scholar Rock Holding Corporation (SRRK)vs › | $5.59B | 0.39% | N/A | N/A | N/A |
| Hims & Hers Health, Inc. (HIMS)vs › | $6.24B | 0.43% | N/A | N/A | N/A |
Debt/Assets
9.8%
Debt/Equity
0.12
Current Ratio
10.71
Interest Coverage
-375.7x
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 | 9.77% |
| 2026-03-31 | 9.36% |
| 2025-12-31 | 8.84% |
| 2025-09-30 | 8.39% |
| 2025-06-30 | 19.10% |
| 2025-03-31 | 25.67% |
| 2024-12-31 | 34.19% |
| 2023-12-31 | 26.64% |
