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 37.60% is in line with its 5-year average of 35.80%, near the high end of its 5-year range (27.74%–38.20%).
As of the fiscal period ended Saturday, June 27, 2026. 3.96% above its 12-month average of 36.17%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
37.60%
DEBT TO ASSETS RATIO AVG TTM
36.17%
DEBT TO ASSETS RATIO AVG 3Y
35.86%
DEBT TO ASSETS RATIO AVG 5Y
35.80%
DEBT TO ASSETS RATIO AVG 10Y
35.21%
DEBT TO ASSETS RATIO AVG 15Y
33.66%
DEBT TO ASSETS RATIO AVG 20Y
27.52%
CURRENT VS TTM AVG
+3.96%
CURRENT VS 3Y AVG
+4.83%
CURRENT VS 5Y AVG
+5.01%
CURRENT VS 10Y AVG
+6.78%
CURRENT VS 15Y AVG
+11.69%
CURRENT VS 20Y AVG
+36.60%
SECTOR MEDIAN · HEALTHCARE
0.28%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+13327.18%
vs the sector median at left
Thermo Fisher Scientific Inc.
Market Cap
$224.47B
Debt to Assets Ratio
37.60%
TTM Avg
36.17%
3Y Avg
35.86%
5Y Avg
35.80%
Market Cap
$181.80B
Debt to Assets Ratio
0.53%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$134.68B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thermo Fisher Scientific Inc. (TMO) | $224.47B | 37.60% | 36.17% | 35.86% | 35.80% |
| Amgen Inc. (AMGN)vs › | $214.33B | 0.60% | N/A | N/A | N/A |
| Novo Nordisk A/S (NVO)vs › | $201.85B | 0.24% | N/A | N/A | N/A |
| AstraZeneca PLC (AZN)vs › | $250.54B | 0.28% | N/A | N/A | N/A |
| Abbott Laboratories (ABT)vs › | $183.26B | 0.30% | N/A | N/A | N/A |
| Gilead Sciences, Inc. (GILD)vs › | $181.80B | 0.53% | N/A | N/A | N/A |
| Pfizer Inc. (PFE)vs › | $159.04B | 0.31% | N/A | N/A | N/A |
| Danaher Corporation (DHR)vs › | $145.27B | 0.29% | N/A | N/A | N/A |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $134.68B | 0.07% | N/A | N/A | N/A |
| Bristol-Myers Squibb Company (BMY)vs › | $133.05B | 0.49% | N/A | N/A | N/A |
Debt/Assets
37.6%
Debt/Equity
0.81
Current Ratio
1.55
Interest Coverage
5.7x
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 |
|---|---|
| 2026-06-27 | 37.60% |
| 2026-03-28 | 38.10% |
| 2025-12-31 | 35.69% |
| 2025-09-27 | 34.63% |
| 2025-06-28 | 34.80% |
| 2025-03-29 | 34.52% |
| 2024-12-31 | 33.68% |
| 2024-09-28 | 35.18% |
| 2024-06-29 | 35.95% |
| 2024-03-30 | 36.67% |
| 2023-12-31 | 36.89% |
| 2023-09-30 | 36.35% |
| 2023-07-01 | 36.14% |
| 2023-04-01 | 37.25% |
| 2022-12-31 | 37.13% |
| 2022-10-01 | 32.21% |
| 2022-07-02 | 33.41% |
| 2022-04-02 | 35.86% |
| 2021-12-31 | 38.20% |
| 2021-10-02 | 29.49% |
| 2021-07-03 | 27.74% |
| 2021-04-03 | 28.28% |
| 2020-12-31 | 32.65% |
| 2020-09-26 | 32.93% |
| 2020-06-27 | 34.60% |
| 2020-03-28 | 34.03% |
| 2019-12-31 | 31.67% |
| 2019-09-28 | 31.27% |
| 2019-06-29 | 34.01% |
| 2019-03-30 | 33.80% |
| 2018-12-31 | 33.77% |
| 2018-09-29 | 34.09% |
| 2018-06-30 | 35.05% |
| 2018-03-31 | 37.00% |
| 2017-12-31 | 37.07% |
| 2017-09-30 | 39.28% |
| 2017-07-01 | 36.11% |
| 2017-04-01 | 36.94% |
| 2016-12-31 | 36.22% |
| 2016-10-01 | 39.39% |
| 2016-07-02 | 33.48% |
| 2016-04-02 | 35.01% |
| 2015-12-31 | 30.68% |
| 2015-09-26 | 32.35% |
| 2015-06-27 | 33.57% |
| 2015-03-28 | 35.49% |
| 2014-12-31 | 33.99% |
| 2014-09-27 | 33.91% |
| 2014-06-28 | 35.15% |
| 2014-03-29 | 37.64% |
| 2013-12-31 | 32.91% |
| 2013-09-28 | 25.15% |
| 2013-06-29 | 25.75% |
| 2013-03-30 | 25.97% |
| 2012-12-31 | 25.96% |
| 2012-09-29 | 27.10% |
| 2012-06-30 | 24.78% |
| 2012-03-31 | 24.89% |
| 2011-12-31 | 26.19% |
| 2011-10-01 | 26.43% |
| 2011-07-02 | 16.73% |
| 2011-04-02 | 18.35% |
| 2010-12-31 | 10.01% |
| 2010-10-02 | 0.50% |
| 2010-07-03 | 10.05% |
| 2010-04-03 | 9.61% |
| 2009-12-31 | 10.10% |
| 2009-09-26 | 9.50% |
| 2009-06-27 | 9.66% |
| 2009-03-31 | 9.70% |
| 2008-12-31 | 9.76% |
| 2008-09-27 | 10.10% |
| 2008-06-28 | 10.10% |
| 2008-03-29 | 10.22% |
| 2007-12-31 | 10.35% |
| 2007-09-29 | 10.39% |
| 2007-06-30 | 10.35% |
| 2007-03-31 | 11.10% |
| 2006-12-31 | 12.53% |
| 2006-09-30 | 12.83% |
| 2006-07-01 | 15.30% |
| 2006-04-01 | 13.22% |
| 2005-12-31 | 14.08% |
| 2005-10-01 | 15.43% |
| 2005-07-02 | 16.96% |
| 2005-04-02 | 6.37% |
| 2004-12-31 | 6.74% |
| 2004-10-02 | 7.24% |
| 2004-07-03 | 7.43% |
| 2004-04-03 | 7.90% |
| 2003-12-31 | 8.13% |
| 2003-09-27 | 8.17% |
| 2003-06-28 | 13.88% |
| 2003-03-29 | 20.02% |
| 2002-12-31 | 25.66% |
| 2002-09-28 | 28.39% |
