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 19.77% is in line with its 5-year average of 21.74%, near the low end of its 5-year range (18.78%–24.84%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.16% below its 12-month average of 20.20%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
19.77%
DEBT TO ASSETS RATIO AVG TTM
20.20%
DEBT TO ASSETS RATIO AVG 3Y
21.72%
DEBT TO ASSETS RATIO AVG 5Y
21.74%
DEBT TO ASSETS RATIO AVG 10Y
23.02%
DEBT TO ASSETS RATIO AVG 15Y
21.77%
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.16%
CURRENT VS 3Y AVG
-8.97%
CURRENT VS 5Y AVG
-9.07%
CURRENT VS 10Y AVG
-14.13%
CURRENT VS 15Y AVG
-9.21%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
0.24%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+7968.42%
vs the sector median at left
Tencent Holdings Limited
Market Cap
$500.86B
Debt to Assets Ratio
19.77%
TTM Avg
20.20%
3Y Avg
21.72%
5Y Avg
21.74%
Market Cap
$193.66B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$193.18B
Debt to Assets Ratio
0.56%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$164.71B
Debt to Assets Ratio
0.23%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$99.24B
Debt to Assets Ratio
0.15%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$79.12B
Debt to Assets Ratio
0.41%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tencent Holdings Limited (TCEHY) | $500.86B | 19.77% | 20.20% | 21.72% | 21.74% |
| Netflix, Inc. (NFLX)vs › | $291.85B | 0.26% | N/A | N/A | N/A |
| Verizon Communications Inc. (VZ)vs › | $193.66B | 0.50% | N/A | N/A | N/A |
| T-Mobile US, Inc. (TMUS)vs › | $193.18B | 0.56% | N/A | N/A | N/A |
| AT&T Inc. (T)vs › | $165.35B | 0.41% | N/A | N/A | N/A |
| The Walt Disney Company (DIS)vs › | $164.71B | 0.23% | N/A | N/A | N/A |
| Spotify Technology S.A. (SPOT)vs › | $99.24B | 0.15% | N/A | N/A | N/A |
| Comcast Corporation (CMCSA)vs › | $79.12B | 0.41% | N/A | N/A | N/A |
| DoorDash, Inc. (DASH)vs › | $75.34B | 0.17% | N/A | N/A | N/A |
| Warner Bros. Discovery, Inc. (WBD)vs › | $64.61B | 0.33% | N/A | N/A | N/A |
Debt/Assets
19.8%
Debt/Equity
0.35
Current Ratio
1.44
Interest Coverage
16.2x
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 |
|---|---|
| 2026-03-31 | 19.77% |
| 2025-12-31 | 19.93% |
| 2025-09-30 | 19.74% |
| 2025-06-30 | 20.49% |
| 2025-03-31 | 21.09% |
| 2024-12-31 | 20.11% |
| 2024-09-30 | 20.29% |
| 2024-06-30 | 22.02% |
| 2024-03-31 | 22.71% |
| 2023-12-31 | 23.54% |
| 2023-09-30 | 24.20% |
| 2023-06-30 | 24.56% |
| 2023-03-31 | 23.87% |
| 2022-12-31 | 22.76% |
| 2022-09-30 | 24.84% |
| 2022-06-30 | 24.72% |
| 2022-03-31 | 22.69% |
| 2021-12-31 | 20.06% |
| 2021-09-30 | 21.17% |
| 2021-06-30 | 19.18% |
| 2021-03-31 | 18.78% |
| 2020-12-31 | 19.83% |
| 2020-09-30 | 22.78% |
| 2020-06-30 | 24.62% |
| 2020-03-31 | 23.45% |
| 2019-12-31 | 24.37% |
| 2019-09-30 | 25.55% |
| 2019-06-30 | 25.91% |
| 2019-03-31 | 24.94% |
| 2018-12-31 | 24.78% |
| 2018-09-30 | 25.14% |
| 2018-06-30 | 26.20% |
| 2018-03-31 | 25.57% |
| 2017-12-31 | 23.78% |
| 2017-09-30 | 25.69% |
| 2017-06-30 | 25.05% |
| 2017-03-31 | 26.23% |
| 2016-12-31 | 27.66% |
| 2016-09-30 | 26.07% |
| 2016-06-30 | 19.72% |
| 2016-03-31 | 20.04% |
| 2015-12-31 | 21.48% |
| 2015-09-30 | 20.67% |
| 2015-06-30 | 21.81% |
| 2015-03-31 | 23.96% |
| 2014-12-31 | 20.79% |
| 2014-09-30 | 22.00% |
| 2014-06-30 | 23.24% |
| 2014-03-31 | 14.39% |
| 2013-12-31 | 14.04% |
| 2013-09-30 | 15.31% |
| 2013-06-30 | 11.88% |
| 2013-03-31 | 12.65% |
| 2012-12-31 | 14.22% |
| 2012-09-30 | 17.81% |
| 2012-06-30 | 7.38% |
| 2012-03-31 | 15.76% |
| 2011-12-31 | 0.00% |
| 2011-06-30 | 17.32% |
| 2010-06-30 | 11.20% |
