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 24.44% is in line with its 5-year average of 23.27%, around the middle of its 5-year range (20.11%–29.10%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.84% below its 12-month average of 24.65%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
24.44%
DEBT TO ASSETS RATIO AVG TTM
24.65%
DEBT TO ASSETS RATIO AVG 3Y
22.88%
DEBT TO ASSETS RATIO AVG 5Y
23.27%
DEBT TO ASSETS RATIO AVG 10Y
28.22%
DEBT TO ASSETS RATIO AVG 15Y
31.55%
DEBT TO ASSETS RATIO AVG 20Y
33.21%
CURRENT VS TTM AVG
-0.84%
CURRENT VS 3Y AVG
+6.80%
CURRENT VS 5Y AVG
+5.03%
CURRENT VS 10Y AVG
-13.39%
CURRENT VS 15Y AVG
-22.54%
CURRENT VS 20Y AVG
-26.42%
SECTOR MEDIAN · BASIC MATERIALS
0.24%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+10082.43%
vs the sector median at left
Steel Dynamics, Inc.
Market Cap
$37.97B
Debt to Assets Ratio
24.44%
TTM Avg
24.65%
3Y Avg
22.88%
5Y Avg
23.27%
Market Cap
$36.76B
Debt to Assets Ratio
0.30%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$33.16B
Debt to Assets Ratio
0.30%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$28.46B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.17B
Debt to Assets Ratio
0.85%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$52.45B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$22.38B
Debt to Assets Ratio
0.27%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $37.97B | 24.44% | 24.65% | 22.88% | 23.27% |
| Vulcan Materials Company (VMC)vs › | $36.76B | 0.30% | N/A | N/A | N/A |
| Martin Marietta Materials, Inc. (MLM)vs › | $33.16B | 0.30% | N/A | N/A | N/A |
| Nutrien Ltd. (NTR)vs › | $32.20B | 0.26% | N/A | N/A | N/A |
| Carpenter Technology Corporation (CRS)vs › | $28.46B | 0.18% | N/A | N/A | N/A |
| PPG Industries, Inc. (PPG)vs › | $26.17B | 0.85% | N/A | N/A | N/A |
| Corteva, Inc. (CTVA)vs › | $51.69B | 0.12% | N/A | N/A | N/A |
| Wheaton Precious Metals Corp. (WPM)vs › | $52.45B | 0.00% | N/A | N/A | N/A |
| International Paper Company (IP)vs › | $22.38B | 0.27% | N/A | N/A | N/A |
| Dow Inc. (DOW)vs › | $21.80B | 0.34% | N/A | N/A | N/A |
Debt/Assets
24.4%
Debt/Equity
0.44
Current Ratio
3.18
Interest Coverage
21.1x
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 | 24.44% |
| 2026-03-31 | 25.12% |
| 2025-12-31 | 25.66% |
| 2025-09-30 | 23.69% |
| 2025-06-30 | 24.32% |
| 2025-03-31 | 26.34% |
| 2024-12-31 | 21.63% |
| 2024-09-30 | 23.52% |
| 2024-06-30 | 20.11% |
| 2024-03-31 | 20.22% |
| 2023-12-31 | 20.60% |
| 2023-09-30 | 20.73% |
| 2023-06-30 | 21.08% |
| 2023-03-31 | 21.53% |
| 2022-12-31 | 21.68% |
| 2022-09-30 | 21.61% |
| 2022-06-30 | 22.23% |
| 2022-03-31 | 23.58% |
| 2021-12-31 | 24.79% |
| 2021-09-30 | 26.65% |
| 2021-06-30 | 29.10% |
| 2021-03-31 | 30.58% |
| 2020-12-31 | 33.49% |
| 2020-09-30 | 31.55% |
| 2020-06-30 | 32.01% |
| 2020-03-31 | 32.55% |
| 2019-12-31 | 33.04% |
| 2019-09-30 | 30.69% |
| 2019-06-30 | 30.90% |
| 2019-03-31 | 31.00% |
| 2018-12-31 | 30.85% |
| 2018-09-30 | 30.35% |
| 2018-06-30 | 31.59% |
| 2018-03-31 | 33.89% |
| 2017-12-31 | 34.74% |
| 2017-09-30 | 36.41% |
| 2017-06-30 | 35.60% |
| 2017-03-31 | 35.15% |
| 2016-12-31 | 36.69% |
| 2016-09-30 | 38.11% |
| 2016-06-30 | 39.09% |
| 2016-03-31 | 40.65% |
| 2015-12-31 | 41.84% |
| 2015-09-30 | 38.69% |
| 2015-06-30 | 38.89% |
| 2015-03-31 | 39.40% |
| 2014-12-31 | 40.79% |
| 2014-09-30 | 40.40% |
| 2014-06-30 | 30.14% |
| 2014-03-31 | 35.49% |
| 2013-12-31 | 35.52% |
| 2013-09-30 | 35.90% |
| 2013-06-30 | 36.59% |
| 2013-03-31 | 38.63% |
| 2012-12-31 | 37.87% |
| 2012-09-30 | 38.16% |
| 2012-06-30 | 39.66% |
| 2012-03-31 | 39.24% |
| 2011-12-31 | 39.81% |
| 2011-09-30 | 39.65% |
| 2011-06-30 | 40.32% |
| 2011-03-31 | 40.83% |
| 2010-12-31 | 42.70% |
| 2010-09-30 | 43.10% |
| 2010-06-30 | 43.42% |
| 2010-03-31 | 43.11% |
| 2009-12-31 | 43.33% |
| 2009-09-30 | 41.83% |
| 2009-06-30 | 43.94% |
| 2009-03-31 | 51.04% |
| 2008-12-31 | 50.45% |
| 2008-09-30 | 47.50% |
| 2008-06-30 | 41.97% |
| 2008-03-31 | 41.85% |
| 2007-12-31 | 44.91% |
| 2007-09-30 | 38.82% |
| 2007-06-30 | 29.89% |
| 2007-03-31 | 19.36% |
| 2006-12-31 | 19.53% |
| 2006-09-30 | 19.57% |
| 2006-06-30 | 18.41% |
| 2006-03-31 | 23.06% |
| 2005-12-31 | 25.07% |
| 2005-09-30 | 28.08% |
| 2005-06-30 | 33.03% |
| 2005-03-31 | 27.02% |
| 2004-12-31 | 25.86% |
| 2004-09-30 | 31.22% |
| 2004-06-30 | 35.43% |
| 2004-03-31 | 39.34% |
| 2003-12-31 | 41.95% |
| 2003-09-30 | 40.82% |
| 2003-06-30 | 41.97% |
| 2003-03-31 | 42.60% |
| 2002-12-31 | 43.54% |
| 2002-09-30 | 44.62% |
