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 44.91% is 10% above its 5-year average of 40.70%, near the high end of its 5-year range (35.07%–44.91%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.71% above its 12-month average of 43.72%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
44.91%
DEBT TO ASSETS RATIO AVG TTM
43.72%
DEBT TO ASSETS RATIO AVG 3Y
42.52%
DEBT TO ASSETS RATIO AVG 5Y
40.70%
DEBT TO ASSETS RATIO AVG 10Y
37.21%
DEBT TO ASSETS RATIO AVG 15Y
37.28%
DEBT TO ASSETS RATIO AVG 20Y
36.33%
CURRENT VS TTM AVG
+2.71%
CURRENT VS 3Y AVG
+5.62%
CURRENT VS 5Y AVG
+10.34%
CURRENT VS 10Y AVG
+20.69%
CURRENT VS 15Y AVG
+20.46%
CURRENT VS 20Y AVG
+23.60%
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 144 covered companies
CURRENT VS SECTOR MEDIAN
+15937.86%
vs the sector median at left
Waste Connections, Inc.
Market Cap
$41.76B
Debt to Assets Ratio
44.91%
TTM Avg
43.72%
3Y Avg
42.52%
5Y Avg
40.70%
Market Cap
$41.61B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$39.09B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$45.74B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$36.48B
Debt to Assets Ratio
0.40%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waste Connections, Inc. (WCN) | $41.76B | 44.91% | 43.72% | 42.52% | 40.70% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $41.61B | 0.00% | N/A | N/A | N/A |
| Ferrovial SE (FER)vs › | $42.63B | 0.39% | N/A | N/A | N/A |
| Rocket Lab USA, Inc. (RKLB)vs › | $39.09B | 0.03% | N/A | N/A | N/A |
| Paychex, Inc. (PAYX)vs › | $44.99B | 0.29% | N/A | N/A | N/A |
| Ferguson plc (FERG)vs › | $45.24B | 0.33% | N/A | N/A | N/A |
| Thomson Reuters Corporation (TRI)vs › | $45.74B | 0.18% | N/A | N/A | N/A |
| HEICO Corporation (HEI)vs › | $46.95B | 0.26% | N/A | N/A | N/A |
| United Airlines Holdings, Inc. (UAL)vs › | $36.48B | 0.40% | N/A | N/A | N/A |
| Rockwell Automation, Inc. (ROK)vs › | $48.18B | 0.33% | N/A | N/A | N/A |
Debt/Assets
44.9%
Debt/Equity
1.21
Current Ratio
0.67
Interest Coverage
5.2x
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 | 44.91% |
| 2026-03-31 | 44.49% |
| 2025-12-31 | 44.26% |
| 2025-09-30 | 43.03% |
| 2025-06-30 | 41.91% |
| 2025-03-31 | 42.97% |
| 2024-12-31 | 42.35% |
| 2024-09-30 | 42.22% |
| 2024-06-30 | 41.53% |
| 2024-03-31 | 42.43% |
| 2023-12-31 | 39.20% |
| 2023-09-30 | 40.09% |
| 2023-06-30 | 40.03% |
| 2023-03-31 | 41.42% |
| 2022-12-31 | 41.42% |
| 2022-09-30 | 39.78% |
| 2022-06-30 | 37.71% |
| 2022-03-31 | 39.02% |
| 2021-12-31 | 35.47% |
| 2021-09-30 | 35.34% |
| 2021-06-30 | 35.07% |
| 2021-03-31 | 34.90% |
| 2020-12-31 | 34.98% |
| 2020-09-30 | 35.11% |
| 2020-06-30 | 35.92% |
| 2020-03-31 | 37.46% |
| 2019-12-31 | 33.08% |
| 2019-09-30 | 31.92% |
| 2019-06-30 | 32.59% |
| 2019-03-31 | 33.75% |
| 2018-12-31 | 32.91% |
| 2018-09-30 | 30.75% |
| 2018-06-30 | 31.56% |
| 2018-03-31 | 32.44% |
| 2017-12-31 | 32.55% |
| 2017-09-30 | 33.06% |
| 2017-06-30 | 34.11% |
| 2017-03-31 | 34.51% |
| 2016-12-31 | 32.59% |
| 2016-09-30 | 32.75% |
| 2016-06-30 | 33.92% |
| 2016-03-31 | 40.90% |
| 2015-12-31 | 41.96% |
| 2015-09-30 | 40.51% |
| 2015-06-30 | 36.61% |
| 2015-03-31 | 37.65% |
| 2014-12-31 | 37.65% |
| 2014-09-30 | 37.15% |
| 2014-06-30 | 38.18% |
| 2014-03-31 | 39.83% |
| 2013-12-31 | 40.93% |
| 2013-09-30 | 40.71% |
| 2013-06-30 | 41.48% |
| 2013-03-31 | 42.71% |
| 2012-12-31 | 44.11% |
| 2012-09-30 | 26.93% |
| 2012-06-30 | 27.78% |
| 2012-03-31 | 26.27% |
| 2011-12-31 | 35.42% |
| 2011-09-30 | 35.97% |
| 2011-06-30 | 35.76% |
| 2011-03-31 | 30.78% |
| 2010-12-31 | 31.72% |
| 2010-09-30 | 29.91% |
| 2010-06-30 | 30.77% |
| 2010-03-31 | 31.50% |
| 2009-12-31 | 31.28% |
| 2009-09-30 | 31.74% |
| 2009-06-30 | 31.66% |
| 2009-03-31 | 32.50% |
| 2008-12-31 | 31.87% |
| 2008-09-30 | 26.88% |
| 2008-06-30 | 35.36% |
| 2008-03-31 | 37.84% |
| 2007-12-31 | 36.98% |
| 2007-09-30 | 36.15% |
| 2007-06-30 | 35.05% |
| 2007-03-31 | 35.34% |
| 2006-12-31 | 36.32% |
| 2006-09-30 | 37.18% |
| 2006-06-30 | 38.00% |
| 2006-03-31 | 39.31% |
| 2005-12-31 | 36.14% |
| 2005-09-30 | 35.88% |
| 2005-06-30 | 32.99% |
| 2005-03-31 | 34.07% |
| 2004-12-31 | 34.01% |
| 2004-09-30 | 32.19% |
| 2004-06-30 | 33.33% |
| 2004-03-31 | 41.83% |
| 2003-12-31 | 43.81% |
| 2003-09-30 | 45.20% |
| 2003-06-30 | 43.87% |
| 2003-03-31 | 44.95% |
| 2002-12-31 | 46.13% |
| 2002-09-30 | 45.20% |
