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 29.43% is 22% below its 5-year average of 37.91%, around the middle of its 5-year range (5.33%–54.05%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.11% above its 12-month average of 29.40%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 29.43%.
DEBT TO ASSETS RATIO
29.43%
DEBT TO ASSETS RATIO AVG TTM
29.40%
DEBT TO ASSETS RATIO AVG 3Y
32.97%
DEBT TO ASSETS RATIO AVG 5Y
37.91%
DEBT TO ASSETS RATIO AVG 10Y
N/A
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+0.11%
CURRENT VS 3Y AVG
-10.73%
CURRENT VS 5Y AVG
-22.36%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+11005.69%
vs the sector median at left
Upwork Inc.
Market Cap
$1.06B
Debt to Assets Ratio
29.43%
TTM Avg
29.40%
3Y Avg
32.97%
5Y Avg
37.91%
Market Cap
$1.21B
Debt to Assets Ratio
0.05%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.22B
Debt to Assets Ratio
0.14%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$904.73M
Debt to Assets Ratio
0.30%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$428.97M
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Upwork Inc. (UPWK) | $1.06B | 29.43% | 29.40% | 32.97% | 37.91% |
| Ameresco, Inc. (AMRC)vs › | $1.19B | 0.42% | N/A | N/A | N/A |
| Kforce Inc. (KFRC)vs › | $928.94M | 0.30% | N/A | N/A | N/A |
| T1 Energy Inc (TE)vs › | $1.20B | 0.47% | N/A | N/A | N/A |
| Red Cat Holdings, Inc. (RCAT)vs › | $1.21B | 0.05% | N/A | N/A | N/A |
| FuelCell Energy, Inc. (FCEL)vs › | $1.22B | 0.14% | N/A | N/A | N/A |
| Power Solutions International, Inc. (PSIX)vs › | $904.73M | 0.30% | N/A | N/A | N/A |
| Allient Inc. (ALNT)vs › | $1.55B | 0.33% | N/A | N/A | N/A |
| Deep Fission, Inc. (FISN)vs › | $428.97M | 0.00% | N/A | N/A | N/A |
| Enerpac Tool Group Corp. (EPAC)vs › | $1.78B | 0.23% | N/A | N/A | N/A |
Debt/Assets
29.4%
Debt/Equity
0.61
Current Ratio
1.42
Interest Coverage
184.7x
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 |
|---|---|
| 2026-06-30 | 29.43% |
| 2026-03-31 | 30.55% |
| 2025-12-31 | 29.31% |
| 2025-09-30 | 28.30% |
| 2025-06-30 | 29.39% |
| 2025-03-31 | 29.87% |
| 2024-12-31 | 30.47% |
| 2024-09-30 | 34.77% |
| 2024-06-30 | 36.26% |
| 2024-03-31 | 36.65% |
| 2023-12-31 | 35.46% |
| 2023-09-30 | 38.37% |
| 2023-06-30 | 39.76% |
| 2023-03-31 | 40.41% |
| 2022-12-31 | 53.87% |
| 2022-09-30 | 53.98% |
| 2022-06-30 | 53.31% |
| 2022-03-31 | 53.06% |
| 2021-12-31 | 54.05% |
| 2021-09-30 | 53.44% |
| 2021-06-30 | 5.33% |
| 2021-03-31 | 5.83% |
| 2020-12-31 | 6.60% |
| 2020-09-30 | 7.43% |
| 2020-06-30 | 8.12% |
| 2020-03-31 | 11.83% |
| 2019-12-31 | 9.56% |
| 2019-09-30 | 4.69% |
| 2019-06-30 | 10.48% |
| 2019-03-31 | 11.28% |
| 2018-12-31 | 6.11% |
| 2018-09-30 | 15.34% |
| 2018-06-30 | 11.67% |
| 2017-12-31 | 12.29% |
