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 29.99% is 35% above its 5-year average of 22.16%, near the high end of its 5-year range (20.98%–29.99%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.15% above its 12-month average of 27.23%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 29.99%.
DEBT TO ASSETS RATIO
29.99%
DEBT TO ASSETS RATIO AVG TTM
27.23%
DEBT TO ASSETS RATIO AVG 3Y
22.61%
DEBT TO ASSETS RATIO AVG 5Y
22.16%
DEBT TO ASSETS RATIO AVG 10Y
24.48%
DEBT TO ASSETS RATIO AVG 15Y
21.96%
DEBT TO ASSETS RATIO AVG 20Y
21.29%
CURRENT VS TTM AVG
+10.15%
CURRENT VS 3Y AVG
+32.63%
CURRENT VS 5Y AVG
+35.35%
CURRENT VS 10Y AVG
+22.50%
CURRENT VS 15Y AVG
+36.58%
CURRENT VS 20Y AVG
+40.85%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+11216.84%
vs the sector median at left
Westinghouse Air Brake Technologies Corporation
Market Cap
$47.30B
Debt to Assets Ratio
29.99%
TTM Avg
27.23%
3Y Avg
22.61%
5Y Avg
22.16%
Market Cap
$46.39B
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$46.20B
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$46.17B
Debt to Assets Ratio
0.26%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$48.47B
Debt to Assets Ratio
0.82%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$51.31B
Debt to Assets Ratio
0.23%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$42.80B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation (WAB) | $47.30B | 29.99% | 27.23% | 22.61% | 22.16% |
| Carrier Global Corporation (CARR)vs › | $46.39B | 0.33% | N/A | N/A | N/A |
| Rockwell Automation, Inc. (ROK)vs › | $46.20B | 0.33% | N/A | N/A | N/A |
| L3Harris Technologies, Inc. (LHX)vs › | $46.17B | 0.26% | N/A | N/A | N/A |
| Honeywell Aerospace Inc (HONA)vs › | $48.47B | 0.82% | N/A | N/A | N/A |
| HEICO Corporation (HEI-A)vs › | $44.92B | 0.26% | N/A | N/A | N/A |
| HEICO Corporation (HEI)vs › | $43.57B | 0.26% | N/A | N/A | N/A |
| Delta Air Lines, Inc. (DAL)vs › | $51.31B | 0.23% | N/A | N/A | N/A |
| Thomson Reuters Corporation (TRI)vs › | $42.80B | 0.18% | N/A | N/A | N/A |
| Ferguson plc (FERG)vs › | $42.78B | 0.33% | N/A | N/A | N/A |
Debt/Assets
30.0%
Debt/Equity
0.62
Current Ratio
1.12
Interest Coverage
8.3x
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 | 29.99% |
| 2026-03-31 | 29.82% |
| 2025-12-31 | 28.31% |
| 2025-09-30 | 24.55% |
| 2025-06-30 | 23.46% |
| 2025-03-31 | 20.98% |
| 2024-12-31 | 21.28% |
| 2024-09-30 | 21.55% |
| 2024-06-30 | 21.18% |
| 2024-03-31 | 21.34% |
| 2023-12-31 | 21.43% |
| 2023-09-30 | 21.53% |
| 2023-06-30 | 23.12% |
| 2023-03-31 | 22.30% |
| 2022-12-31 | 21.61% |
| 2022-09-30 | 22.31% |
| 2022-06-30 | 22.98% |
| 2022-03-31 | 22.99% |
| 2021-12-31 | 21.99% |
| 2021-09-30 | 22.18% |
| 2021-06-30 | 22.04% |
| 2021-03-31 | 23.07% |
| 2020-12-31 | 22.97% |
| 2020-09-30 | 23.07% |
| 2020-06-30 | 24.18% |
| 2020-03-31 | 25.29% |
| 2019-12-31 | 23.45% |
| 2019-09-30 | 25.11% |
| 2019-06-30 | 24.46% |
| 2019-03-31 | 26.01% |
| 2018-12-31 | 44.59% |
| 2018-09-30 | 45.19% |
| 2018-06-30 | 28.23% |
| 2018-03-31 | 27.93% |
| 2017-12-31 | 28.43% |
| 2017-09-30 | 29.05% |
| 2017-07-01 | 30.83% |
| 2017-03-31 | 31.01% |
| 2016-12-31 | 28.76% |
| 2016-09-30 | 23.92% |
| 2016-06-30 | 22.02% |
| 2016-03-31 | 23.72% |
| 2015-12-31 | 20.97% |
| 2015-09-30 | 13.56% |
| 2015-06-30 | 12.15% |
| 2015-03-31 | 13.29% |
| 2014-12-31 | 15.78% |
| 2014-09-30 | 16.17% |
| 2014-06-30 | 15.83% |
| 2014-03-31 | 15.45% |
| 2013-12-31 | 15.97% |
| 2013-09-30 | 19.16% |
| 2013-06-30 | 15.77% |
| 2013-03-31 | 16.66% |
| 2012-12-31 | 13.52% |
| 2012-09-30 | 18.07% |
| 2012-06-30 | 19.00% |
| 2012-03-31 | 17.39% |
| 2011-12-31 | 18.34% |
| 2011-09-30 | 20.25% |
| 2011-06-30 | 19.70% |
| 2011-03-31 | 21.09% |
| 2010-12-31 | 23.41% |
| 2010-09-30 | 24.03% |
| 2010-06-30 | 24.99% |
| 2010-03-31 | 25.60% |
| 2009-12-31 | 24.70% |
| 2009-09-30 | 27.45% |
| 2009-06-30 | 24.10% |
| 2009-03-31 | 25.51% |
| 2008-12-31 | 25.68% |
| 2008-09-30 | 11.68% |
| 2008-06-30 | 11.95% |
| 2008-03-31 | 12.75% |
| 2007-12-31 | 12.97% |
| 2007-09-30 | 13.60% |
| 2007-06-30 | 14.17% |
| 2007-03-31 | 14.67% |
| 2006-12-31 | 15.42% |
| 2006-09-30 | 16.48% |
| 2006-06-30 | 16.30% |
| 2006-03-31 | 17.39% |
| 2005-12-31 | 17.93% |
| 2005-09-30 | 18.60% |
| 2005-06-30 | 19.20% |
| 2005-03-31 | 20.16% |
| 2004-12-31 | 21.04% |
| 2004-09-30 | 27.43% |
| 2004-06-30 | 27.92% |
| 2004-03-31 | 29.08% |
| 2003-12-31 | 29.47% |
| 2003-09-30 | 29.93% |
| 2003-06-30 | 29.80% |
| 2003-03-31 | 31.54% |
| 2002-12-31 | 33.14% |
| 2002-09-30 | 34.95% |
