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 23.23% is 18% above its 5-year average of 19.75%, near the high end of its 5-year range (15.03%–23.38%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.44% above its 12-month average of 22.46%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
23.23%
DEBT TO ASSETS RATIO AVG TTM
22.46%
DEBT TO ASSETS RATIO AVG 3Y
21.73%
DEBT TO ASSETS RATIO AVG 5Y
19.75%
DEBT TO ASSETS RATIO AVG 10Y
17.60%
DEBT TO ASSETS RATIO AVG 15Y
16.89%
DEBT TO ASSETS RATIO AVG 20Y
15.81%
CURRENT VS TTM AVG
+3.44%
CURRENT VS 3Y AVG
+6.92%
CURRENT VS 5Y AVG
+17.64%
CURRENT VS 10Y AVG
+31.98%
CURRENT VS 15Y AVG
+37.56%
CURRENT VS 20Y AVG
+46.90%
SECTOR MEDIAN · FINANCIAL SERVICES
0.11%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+21018.61%
vs the sector median at left
Willis Towers Watson Public Limited Company
Market Cap
$30.28B
Debt to Assets Ratio
23.23%
TTM Avg
22.46%
3Y Avg
21.73%
5Y Avg
19.75%
Market Cap
$30.69B
Debt to Assets Ratio
0.15%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$29.69B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$33.68B
Debt to Assets Ratio
0.05%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$33.96B
Debt to Assets Ratio
0.09%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$33.96B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$34.23B
Debt to Assets Ratio
0.06%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.24B
Debt to Assets Ratio
0.06%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Willis Towers Watson Public Limited Company (WTW) | $30.28B | 23.23% | 22.46% | 21.73% | 19.75% |
| Cboe Global Markets, Inc. (CBOE)vs › | $30.69B | 0.15% | N/A | N/A | N/A |
| Citizens Financial Group, Inc. (CFG)vs › | $29.69B | 0.07% | N/A | N/A | N/A |
| iShares Silver Trust (SLV)vs › | $32.01B | 0.00% | N/A | N/A | N/A |
| Arch Capital Group Ltd. (ACGL)vs › | $33.68B | 0.05% | N/A | N/A | N/A |
| Northern Trust Corporation (NTRS)vs › | $33.96B | 0.09% | N/A | N/A | N/A |
| Huntington Bancshares Incorporated (HBAN)vs › | $33.96B | 0.08% | N/A | N/A | N/A |
| Raymond James Financial, Inc. (RJF)vs › | $34.23B | 0.06% | N/A | N/A | N/A |
| W. R. Berkley Corporation (WRB)vs › | $26.24B | 0.06% | N/A | N/A | N/A |
| Cincinnati Financial Corporation (CINF)vs › | $26.02B | 0.02% | N/A | N/A | N/A |
Debt/Assets
23.2%
Debt/Equity
0.92
Current Ratio
1.10
Interest Coverage
8.6x
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 | 23.23% |
| 2026-03-31 | 23.30% |
| 2025-12-31 | 23.38% |
| 2025-09-30 | 21.54% |
| 2025-06-30 | 20.84% |
| 2025-03-31 | 21.12% |
| 2024-12-31 | 21.43% |
| 2024-09-30 | 22.04% |
| 2024-06-30 | 20.23% |
| 2024-03-31 | 21.99% |
| 2023-12-31 | 20.42% |
| 2023-09-30 | 21.40% |
| 2023-06-30 | 21.52% |
| 2023-03-31 | 17.14% |
| 2022-12-31 | 17.25% |
| 2022-09-30 | 17.64% |
| 2022-06-30 | 16.97% |
| 2022-03-31 | 16.54% |
| 2021-12-31 | 15.69% |
| 2021-09-30 | 15.03% |
| 2021-06-30 | 15.97% |
| 2021-03-31 | 15.81% |
| 2020-12-31 | 17.45% |
| 2020-09-30 | 17.54% |
| 2020-06-30 | 17.43% |
| 2020-03-31 | 18.39% |
| 2019-12-31 | 19.06% |
| 2019-09-30 | 19.59% |
| 2019-06-30 | 15.90% |
| 2019-03-31 | 16.30% |
| 2018-12-31 | 14.58% |
| 2018-09-30 | 14.65% |
| 2018-06-30 | 14.13% |
| 2018-03-31 | 13.42% |
| 2017-12-31 | 14.48% |
| 2017-09-30 | 14.62% |
| 2017-06-30 | 13.16% |
| 2017-03-31 | 12.70% |
| 2016-12-31 | 13.21% |
| 2016-09-30 | 12.35% |
| 2016-06-30 | 12.21% |
| 2016-03-31 | 12.36% |
| 2015-12-31 | 18.21% |
| 2015-09-30 | 15.34% |
| 2015-06-30 | 14.67% |
| 2015-03-31 | 15.33% |
| 2014-12-31 | 15.99% |
| 2014-09-30 | 16.37% |
| 2014-06-30 | 15.12% |
| 2014-03-31 | 15.83% |
| 2013-12-31 | 16.96% |
| 2013-09-30 | 16.52% |
| 2013-06-30 | 15.91% |
| 2013-03-31 | 16.39% |
| 2012-12-31 | 16.68% |
| 2012-09-30 | 14.16% |
| 2012-06-30 | 13.85% |
| 2012-03-31 | 14.35% |
| 2011-12-31 | 16.36% |
| 2011-09-30 | 14.60% |
| 2011-06-30 | 13.49% |
| 2011-03-31 | 14.95% |
| 2010-12-31 | 14.31% |
| 2010-09-30 | 14.68% |
| 2010-06-30 | 13.79% |
| 2010-03-31 | 13.61% |
| 2009-12-31 | 15.20% |
| 2009-09-30 | 15.91% |
| 2009-06-30 | 13.97% |
| 2009-03-31 | 15.52% |
| 2008-12-31 | 16.16% |
| 2008-09-30 | 9.16% |
| 2008-06-30 | 9.00% |
| 2008-03-31 | 9.29% |
| 2007-12-31 | 9.65% |
| 2007-09-30 | 8.96% |
| 2007-06-30 | 7.99% |
| 2007-03-31 | 8.08% |
| 2006-12-31 | 5.98% |
| 2006-09-30 | 4.40% |
| 2006-06-30 | 3.93% |
| 2006-03-31 | 4.29% |
| 2005-12-31 | 4.92% |
| 2005-09-30 | 4.89% |
| 2005-06-30 | 3.50% |
| 2005-03-31 | 3.32% |
| 2004-12-31 | 3.86% |
| 2004-09-30 | 3.87% |
| 2004-06-30 | 3.55% |
| 2004-03-31 | 2.33% |
| 2003-12-31 | 3.38% |
| 2003-09-30 | 3.92% |
| 2003-06-30 | 3.94% |
| 2003-03-31 | 4.15% |
| 2002-12-31 | 5.59% |
| 2002-09-30 | 6.23% |