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 31.80% is 123% above its 5-year average of 14.28%, near the high end of its 5-year range (2.94%–32.95%).
As of the fiscal period ended Friday, July 31, 2026. 0.43% below its 12-month average of 31.94%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
31.80%
DEBT TO ASSETS RATIO AVG TTM
31.94%
DEBT TO ASSETS RATIO AVG 3Y
21.06%
DEBT TO ASSETS RATIO AVG 5Y
14.28%
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
-0.43%
CURRENT VS 3Y AVG
+51.03%
CURRENT VS 5Y AVG
+122.64%
CURRENT VS 10Y AVG
N/A
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
+17090.74%
vs the sector median at left
Snowflake Inc.
Market Cap
$116.87B
Debt to Assets Ratio
31.80%
TTM Avg
31.94%
3Y Avg
21.06%
5Y Avg
14.28%
Market Cap
$110.97B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$107.69B
Debt to Assets Ratio
0.43%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Snowflake Inc. (SNOW) | $116.87B | 31.80% | 31.94% | 21.06% | 14.28% |
| Fortinet, Inc. (FTNT)vs › | $114.67B | 0.05% | N/A | N/A | N/A |
| Accenture plc (ACN)vs › | $114.26B | 0.12% | N/A | N/A | N/A |
| Automatic Data Processing, Inc. (ADP)vs › | $110.97B | 0.08% | N/A | N/A | N/A |
| AppLovin Corporation (APP)vs › | $107.69B | 0.43% | N/A | N/A | N/A |
| Adobe Inc. (ADBE)vs › | $105.94B | 0.24% | N/A | N/A | N/A |
| Corning Inc (GLW)vs › | $132.90B | 0.28% | N/A | N/A | N/A |
| Cloudflare, Inc. (NET)vs › | $99.00B | 0.55% | N/A | N/A | N/A |
| Intuit Inc. (INTU)vs › | $91.01B | 0.23% | N/A | N/A | N/A |
| ServiceNow, Inc. (NOW)vs › | $146.04B | 0.27% | N/A | N/A | N/A |
Debt/Assets
31.8%
Debt/Equity
1.29
Current Ratio
0.94
Interest Coverage
-172.9x
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 |
|---|---|
| 2026-07-31 | 31.80% |
| 2026-04-30 | 32.41% |
| 2026-01-31 | 30.01% |
| 2025-10-31 | 32.63% |
| 2025-07-31 | 32.85% |
| 2025-04-30 | 32.95% |
| 2025-01-31 | 29.72% |
| 2024-10-31 | 31.65% |
| 2024-07-31 | 4.50% |
| 2024-04-30 | 3.82% |
| 2024-01-31 | 3.50% |
| 2023-10-31 | 3.94% |
| 2023-07-31 | 3.95% |
| 2023-04-30 | 3.42% |
| 2023-01-31 | 3.26% |
| 2022-10-31 | 3.55% |
| 2022-07-31 | 3.42% |
| 2022-04-30 | 2.94% |
| 2022-01-31 | 3.10% |
| 2021-10-31 | 3.31% |
| 2021-07-31 | 3.23% |
| 2021-04-30 | 3.38% |
| 2021-01-31 | 3.45% |
| 2020-10-31 | 3.61% |
| 2020-07-31 | 14.02% |
| 2020-04-30 | 14.61% |
| 2020-01-31 | 20.86% |
