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 2.27% is 91% below its 5-year average of 25.55%, near the low end of its 5-year range (2.27%–32.21%).
As of the fiscal period ended Tuesday, June 30, 2026. 85.96% below its 12-month average of 16.15%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
2.27%
DEBT TO ASSETS RATIO AVG TTM
16.15%
DEBT TO ASSETS RATIO AVG 3Y
24.48%
DEBT TO ASSETS RATIO AVG 5Y
26.71%
DEBT TO ASSETS RATIO AVG 10Y
26.52%
DEBT TO ASSETS RATIO AVG 15Y
26.34%
DEBT TO ASSETS RATIO AVG 20Y
23.24%
CURRENT VS TTM AVG
-85.96%
CURRENT VS 3Y AVG
-90.74%
CURRENT VS 5Y AVG
-91.51%
CURRENT VS 10Y AVG
-91.45%
CURRENT VS 15Y AVG
-91.39%
CURRENT VS 20Y AVG
-90.25%
SECTOR MEDIAN · HEALTHCARE
0.28%
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+709.68%
vs the sector median at left
Market Cap
$22.42B
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$25.07B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.18B
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| STERIS plc (STE) | $23.03B | 2.27% | 16.15% | 24.48% | 26.71% |
| BioNTech SE (BNTX)vs › | $23.50B | 0.01% | N/A | N/A | N/A |
| United Therapeutics Corporation (UTHR)vs › | $22.42B | N/A | N/A | N/A | N/A |
| Moderna, Inc. (MRNA)vs › | $23.70B | 0.12% | N/A | N/A | N/A |
| Incyte Corporation (INCY)vs › | $24.80B | 0.00% | N/A | N/A | N/A |
| West Pharmaceutical Services, Inc. (WST)vs › | $25.07B | 0.08% | N/A | N/A | N/A |
| Quest Diagnostics Incorporated (DGX)vs › | $26.18B | 0.38% | N/A | N/A | N/A |
| Labcorp Holdings Inc. (LH)vs › | $26.19B | 0.37% | N/A | N/A | N/A |
| Viatris Inc. (VTRS)vs › | $18.98B | 0.38% | N/A | N/A | N/A |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $18.65B | 0.33% | N/A | N/A | N/A |
Debt/Assets
2.3%
Debt/Equity
0.03
Current Ratio
1.91
Interest Coverage
18.1x
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 | 2.27% |
| 2026-03-31 | 19.44% |
| 2025-12-31 | 19.39% |
| 2025-09-30 | 19.77% |
| 2025-06-30 | 19.88% |
| 2025-03-31 | 21.71% |
| 2024-12-31 | 23.18% |
| 2024-09-30 | 23.43% |
| 2024-06-30 | 24.58% |
| 2024-03-31 | 30.58% |
| 2023-12-31 | 30.69% |
| 2023-09-30 | 32.21% |
| 2023-06-30 | 28.96% |
| 2023-03-31 | 30.02% |
| 2022-12-31 | 30.12% |
| 2022-09-30 | 30.53% |
| 2022-06-30 | 28.45% |
| 2022-03-31 | 28.71% |
| 2021-12-31 | 29.93% |
| 2021-09-30 | 31.01% |
| 2021-06-30 | 31.72% |
| 2021-03-31 | 27.42% |
| 2020-12-31 | 28.34% |
| 2020-09-30 | 21.23% |
| 2020-06-30 | 22.43% |
| 2020-03-31 | 23.61% |
| 2019-12-31 | 23.62% |
| 2019-09-30 | 25.14% |
| 2019-06-30 | 25.48% |
| 2019-03-31 | 23.32% |
| 2018-12-31 | 24.89% |
| 2018-09-30 | 25.25% |
| 2018-06-30 | 26.13% |
| 2018-03-31 | 25.31% |
| 2017-12-31 | 27.54% |
| 2017-09-30 | 28.23% |
| 2017-06-30 | 29.60% |
| 2017-03-31 | 30.02% |
| 2016-12-31 | 30.84% |
| 2016-09-30 | 28.87% |
| 2016-06-30 | 29.32% |
| 2016-03-31 | 29.32% |
| 2015-12-31 | 30.64% |
| 2015-09-30 | 35.94% |
| 2015-06-30 | 31.45% |
| 2015-03-31 | 29.61% |
| 2014-12-31 | 30.12% |
| 2014-09-30 | 30.58% |
| 2014-06-30 | 32.10% |
| 2014-03-31 | 26.15% |
| 2013-12-31 | 26.70% |
| 2013-09-30 | 28.43% |
| 2013-06-30 | 28.95% |
| 2013-03-31 | 27.95% |
| 2012-12-31 | 29.51% |
| 2012-09-30 | 26.60% |
| 2012-06-30 | 14.96% |
| 2012-03-31 | 14.94% |
| 2011-12-31 | 15.26% |
| 2011-09-30 | 15.30% |
| 2011-06-30 | 14.82% |
| 2011-03-31 | 14.72% |
| 2010-12-31 | 15.53% |
| 2010-09-30 | 16.22% |
| 2010-06-30 | 16.59% |
| 2010-03-31 | 16.96% |
| 2009-12-31 | 23.93% |
| 2009-09-30 | 16.62% |
| 2009-06-30 | 17.28% |
| 2009-03-31 | 17.26% |
| 2008-12-31 | 17.60% |
| 2008-09-30 | 19.68% |
| 2008-06-30 | 14.68% |
| 2008-03-31 | 14.52% |
| 2007-12-31 | 11.13% |
| 2007-09-30 | 10.43% |
| 2007-06-30 | 9.31% |
| 2007-03-31 | 8.40% |
| 2006-12-31 | 10.82% |
| 2006-09-30 | 12.75% |
| 2006-06-30 | 15.86% |
| 2006-03-31 | 9.78% |
| 2005-12-31 | 9.52% |
| 2005-09-30 | 9.40% |
| 2005-06-30 | 11.28% |
| 2005-03-31 | 9.21% |
| 2004-12-31 | 9.44% |
| 2004-09-30 | 10.19% |
| 2004-06-30 | 10.11% |
| 2004-03-31 | 10.59% |
| 2003-12-31 | 11.39% |
| 2003-09-30 | 10.84% |
| 2003-06-30 | 12.18% |
| 2003-03-31 | 6.89% |
| 2002-12-31 | 10.36% |
| 2002-09-30 | 12.10% |
