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 39.81% is 18% below its 5-year average of 48.77%, near the low end of its 5-year range (38.26%–57.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.84% below its 12-month average of 41.84%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
39.81%
DEBT TO ASSETS RATIO AVG TTM
41.84%
DEBT TO ASSETS RATIO AVG 3Y
44.89%
DEBT TO ASSETS RATIO AVG 5Y
48.77%
DEBT TO ASSETS RATIO AVG 10Y
43.57%
DEBT TO ASSETS RATIO AVG 15Y
39.80%
DEBT TO ASSETS RATIO AVG 20Y
39.87%
CURRENT VS TTM AVG
-4.84%
CURRENT VS 3Y AVG
-11.31%
CURRENT VS 5Y AVG
-18.36%
CURRENT VS 10Y AVG
-8.62%
CURRENT VS 15Y AVG
+0.03%
CURRENT VS 20Y AVG
-0.16%
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+14376.83%
vs the sector median at left
United Airlines Holdings, Inc.
Market Cap
$39.66B
Debt to Assets Ratio
39.81%
TTM Avg
41.84%
3Y Avg
44.89%
5Y Avg
48.77%
Market Cap
$37.60B
Debt to Assets Ratio
0.11%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$42.34B
Debt to Assets Ratio
0.27%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$42.79B
Debt to Assets Ratio
0.12%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$44.19B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$49.56B
Debt to Assets Ratio
0.25%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Airlines Holdings, Inc. (UAL) | $39.66B | 39.81% | 41.84% | 44.89% | 48.77% |
| Rocket Lab USA, Inc. (RKLB)vs › | $37.60B | 0.11% | N/A | N/A | N/A |
| Axon Enterprise, Inc. (AXON)vs › | $42.34B | 0.27% | N/A | N/A | N/A |
| Thomson Reuters Corporation (TRI)vs › | $42.79B | 0.12% | N/A | N/A | N/A |
| EMCOR Group, Inc. (EME)vs › | $36.11B | 0.09% | N/A | N/A | N/A |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $44.19B | 0.03% | N/A | N/A | N/A |
| Ingersoll Rand Inc. (IR)vs › | $32.73B | 0.27% | N/A | N/A | N/A |
| Ferrovial SE (FER)vs › | $47.47B | 0.39% | N/A | N/A | N/A |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.56B | 0.25% | N/A | N/A | N/A |
| HEICO Corporation (HEI-A)vs › | $49.67B | 0.26% | N/A | N/A | N/A |
Debt/Assets
39.8%
Debt/Equity
2.03
Current Ratio
0.65
Interest Coverage
3.9x
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 |
|---|---|
| 2026-06-30 | 39.81% |
| 2026-03-31 | 38.26% |
| 2025-12-31 | 40.60% |
| 2025-09-30 | 48.03% |
| 2025-06-30 | 42.49% |
| 2025-03-31 | 43.26% |
| 2024-12-31 | 45.40% |
| 2024-09-30 | 42.10% |
| 2024-06-30 | 46.76% |
| 2024-03-31 | 48.46% |
| 2023-12-31 | 51.67% |
| 2023-09-30 | 47.86% |
| 2023-06-30 | 48.87% |
| 2023-03-31 | 51.16% |
| 2022-12-31 | 54.09% |
| 2022-09-30 | 53.62% |
| 2022-06-30 | 54.01% |
| 2022-03-31 | 55.93% |
| 2021-12-31 | 57.74% |
| 2021-09-30 | 57.56% |
| 2021-06-30 | 56.41% |
| 2021-03-31 | 54.59% |
| 2020-12-31 | 55.00% |
| 2020-09-30 | 53.70% |
| 2020-06-30 | 45.34% |
| 2020-03-31 | 44.16% |
| 2019-12-31 | 38.87% |
| 2019-09-30 | 38.58% |
| 2019-06-30 | 38.70% |
| 2019-03-31 | 39.67% |
| 2018-12-31 | 40.36% |
| 2018-09-30 | 32.07% |
| 2018-06-30 | 32.45% |
| 2018-03-31 | 34.00% |
| 2017-12-31 | 33.99% |
| 2017-09-30 | 32.76% |
| 2017-06-30 | 31.11% |
| 2017-03-31 | 30.99% |
| 2016-12-31 | 29.16% |
| 2016-09-30 | 28.41% |
| 2016-06-30 | 28.20% |
| 2016-03-31 | 28.75% |
| 2015-12-31 | 28.78% |
| 2015-09-30 | 28.95% |
| 2015-06-30 | 29.62% |
| 2015-03-31 | 31.43% |
| 2014-12-31 | 33.11% |
| 2014-09-30 | 31.82% |
| 2014-06-30 | 32.04% |
| 2014-03-31 | 32.60% |
| 2013-12-31 | 33.71% |
| 2013-09-30 | 32.36% |
| 2013-06-30 | 31.94% |
| 2013-03-31 | 32.97% |
| 2012-12-31 | 34.99% |
| 2012-09-30 | 32.30% |
| 2012-06-30 | 32.17% |
| 2012-03-31 | 32.56% |
| 2011-12-31 | 33.52% |
| 2011-09-30 | 33.69% |
| 2011-06-30 | 34.26% |
| 2011-03-31 | 35.96% |
| 2010-12-31 | 38.22% |
| 2010-09-30 | 44.08% |
| 2010-06-30 | 45.56% |
| 2010-03-31 | 46.63% |
| 2009-12-31 | 45.72% |
| 2009-09-30 | 42.55% |
| 2009-06-30 | 41.54% |
| 2009-03-31 | 41.61% |
| 2008-12-31 | 41.13% |
| 2008-09-30 | 38.87% |
| 2008-06-30 | 37.48% |
| 2008-03-31 | 34.66% |
| 2007-12-31 | 34.88% |
| 2007-10-08 | 35.65% |
| 2007-06-30 | 36.01% |
| 2007-03-31 | 37.58% |
| 2006-12-31 | 41.78% |
| 2006-09-30 | 41.33% |
| 2006-06-30 | 40.77% |
| 2006-03-31 | 41.91% |
| 2005-12-31 | 7.41% |
| 2005-09-30 | 7.18% |
| 2005-06-30 | 5.66% |
| 2005-03-31 | 5.93% |
| 2004-12-31 | 5.82% |
| 2004-09-30 | 5.62% |
| 2004-06-30 | 3.64% |
| 2004-03-31 | 3.61% |
| 2003-12-31 | 3.88% |
| 2003-09-30 | 3.25% |
| 2003-06-30 | 3.33% |
| 2003-03-31 | 3.43% |
| 2002-12-31 | 2.96% |
| 2002-09-30 | 42.47% |
