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 40.23% is in line with its 5-year average of 37.76%, around the middle of its 5-year range (33.07%–44.18%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.35% below its 12-month average of 41.20%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
40.23%
DEBT TO ASSETS RATIO AVG TTM
41.20%
DEBT TO ASSETS RATIO AVG 3Y
38.63%
DEBT TO ASSETS RATIO AVG 5Y
37.76%
DEBT TO ASSETS RATIO AVG 10Y
42.18%
DEBT TO ASSETS RATIO AVG 15Y
39.69%
DEBT TO ASSETS RATIO AVG 20Y
37.82%
CURRENT VS TTM AVG
-2.35%
CURRENT VS 3Y AVG
+4.14%
CURRENT VS 5Y AVG
+6.55%
CURRENT VS 10Y AVG
-4.61%
CURRENT VS 15Y AVG
+1.36%
CURRENT VS 20Y AVG
+6.39%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+15082.34%
vs the sector median at left
United Parcel Service, Inc.
Market Cap
$85.36B
Debt to Assets Ratio
40.23%
TTM Avg
41.20%
3Y Avg
38.63%
5Y Avg
37.76%
Market Cap
$87.05B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$81.65B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$80.11B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$92.64B
Debt to Assets Ratio
0.34%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Parcel Service, Inc. (UPS) | $85.36B | 40.23% | 41.20% | 38.63% | 37.76% |
| Emerson Electric Co. (EMR)vs › | $85.24B | 0.33% | N/A | N/A | N/A |
| 3M Company (MMM)vs › | $86.39B | 0.36% | N/A | N/A | N/A |
| Waste Management, Inc. (WM)vs › | $87.05B | 0.50% | N/A | N/A | N/A |
| Bloom Energy Corporation (BE)vs › | $81.65B | 0.50% | N/A | N/A | N/A |
| Cintas Corporation (CTAS)vs › | $80.23B | 0.26% | N/A | N/A | N/A |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.11B | 0.28% | N/A | N/A | N/A |
| CSX Corporation (CSX)vs › | $90.77B | 0.43% | N/A | N/A | N/A |
| Howmet Aerospace Inc. (HWM)vs › | $92.64B | 0.34% | N/A | N/A | N/A |
| Cummins Inc. (CMI)vs › | $77.49B | 0.23% | N/A | N/A | N/A |
Debt/Assets
40.2%
Debt/Equity
1.90
Current Ratio
1.18
Interest Coverage
7.8x
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 | 40.23% |
| 2026-03-31 | 39.91% |
| 2025-12-31 | 44.18% |
| 2025-09-30 | 40.92% |
| 2025-06-30 | 40.76% |
| 2025-03-31 | 37.38% |
| 2024-12-31 | 36.61% |
| 2024-09-30 | 38.44% |
| 2024-06-30 | 38.10% |
| 2024-03-31 | 36.08% |
| 2023-12-31 | 37.72% |
| 2023-09-30 | 36.20% |
| 2023-06-30 | 35.70% |
| 2023-03-31 | 36.56% |
| 2022-12-31 | 33.07% |
| 2022-09-30 | 34.32% |
| 2022-06-30 | 34.38% |
| 2022-03-31 | 36.27% |
| 2021-12-31 | 36.78% |
| 2021-09-30 | 38.94% |
| 2021-06-30 | 40.37% |
| 2021-03-31 | 42.33% |
| 2020-12-31 | 44.47% |
| 2020-09-30 | 46.07% |
| 2020-06-30 | 48.25% |
| 2020-03-31 | 51.93% |
| 2019-12-31 | 48.68% |
| 2019-09-30 | 49.67% |
| 2019-06-30 | 49.05% |
| 2019-03-31 | 49.46% |
| 2018-12-31 | 45.46% |
| 2018-09-30 | 49.91% |
| 2018-06-30 | 50.22% |
| 2018-03-31 | 51.93% |
| 2017-12-31 | 54.39% |
| 2017-09-30 | 45.72% |
| 2017-06-30 | 45.50% |
| 2017-03-31 | 44.92% |
| 2016-12-31 | 40.92% |
| 2016-09-30 | 39.97% |
| 2016-06-30 | 37.47% |
| 2016-03-31 | 39.41% |
| 2015-12-31 | 38.65% |
| 2015-09-30 | 37.44% |
| 2015-06-30 | 35.31% |
| 2015-03-31 | 35.10% |
| 2014-12-31 | 31.84% |
| 2014-09-30 | 34.12% |
| 2014-06-30 | 33.97% |
| 2014-03-31 | 32.58% |
| 2013-12-31 | 31.33% |
| 2013-09-30 | 33.62% |
| 2013-06-30 | 32.49% |
| 2013-03-31 | 33.33% |
| 2012-12-31 | 34.25% |
| 2012-09-30 | 38.42% |
| 2012-06-30 | 35.03% |
| 2012-03-31 | 33.36% |
| 2011-12-31 | 32.07% |
| 2011-09-30 | 35.19% |
| 2011-06-30 | 34.60% |
| 2011-03-31 | 34.86% |
| 2010-12-31 | 32.28% |
| 2010-09-30 | 29.30% |
| 2010-06-30 | 30.81% |
| 2010-03-31 | 30.62% |
| 2009-12-31 | 29.86% |
| 2009-09-30 | 31.99% |
| 2009-06-30 | 33.44% |
| 2009-03-31 | 35.78% |
| 2008-12-31 | 30.96% |
| 2008-09-30 | 28.71% |
| 2008-06-30 | 28.52% |
| 2008-03-31 | 26.16% |
| 2007-12-31 | 28.22% |
| 2007-09-30 | 13.51% |
| 2007-06-30 | 13.69% |
| 2007-03-31 | 12.33% |
| 2006-12-31 | 12.39% |
| 2006-09-30 | 13.17% |
| 2006-06-30 | 10.39% |
| 2006-03-31 | 10.75% |
| 2005-12-31 | 11.39% |
| 2005-09-30 | 14.34% |
| 2005-06-30 | 12.43% |
| 2005-03-31 | 12.23% |
| 2004-12-31 | 13.47% |
| 2004-09-30 | 12.14% |
| 2004-06-30 | 13.35% |
| 2004-03-31 | 13.38% |
| 2003-12-31 | 12.86% |
| 2003-09-30 | 14.34% |
| 2003-06-30 | 14.94% |
| 2003-03-31 | 15.20% |
| 2002-12-31 | 17.46% |
| 2002-09-30 | 18.69% |
