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 23.59% is 28% below its 5-year average of 32.67%, near the low end of its 5-year range (23.01%–43.06%).
As of the fiscal period ended Friday, July 31, 2026. 11.71% below its 12-month average of 26.72%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
23.59%
DEBT TO ASSETS RATIO AVG TTM
26.72%
DEBT TO ASSETS RATIO AVG 3Y
27.82%
DEBT TO ASSETS RATIO AVG 5Y
32.67%
DEBT TO ASSETS RATIO AVG 10Y
22.97%
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-11.71%
CURRENT VS 3Y AVG
-15.21%
CURRENT VS 5Y AVG
-27.79%
CURRENT VS 10Y AVG
+2.72%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.18%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
+12651.81%
vs the sector median at left
Zscaler, Inc.
Market Cap
$26.01B
Debt to Assets Ratio
23.59%
TTM Avg
26.72%
3Y Avg
27.82%
5Y Avg
32.67%
Market Cap
$25.39B
Debt to Assets Ratio
0.04%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.66B
Debt to Assets Ratio
0.22%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.97B
Debt to Assets Ratio
0.10%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Zscaler, Inc. (ZS) | $26.01B | 23.59% | 26.72% | 27.82% | 32.67% |
| Qnity Electronics, Inc. (Q)vs › | $25.96B | 0.28% | N/A | N/A | N/A |
| VeriSign, Inc. (VRSN)vs › | $25.59B | 1.30% | N/A | N/A | N/A |
| Tower Semiconductor Ltd. (TSEM)vs › | $25.39B | 0.04% | N/A | N/A | N/A |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $25.38B | 0.10% | N/A | N/A | N/A |
| Super Micro Computer, Inc. (SMCI)vs › | $26.66B | 0.22% | N/A | N/A | N/A |
| Corpay, Inc. (CPAY)vs › | $26.72B | 0.38% | N/A | N/A | N/A |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.97B | 0.10% | N/A | N/A | N/A |
| Fiserv, Inc. (FISV)vs › | $27.31B | 0.34% | N/A | N/A | N/A |
| Okta, Inc. (OKTA)vs › | $27.67B | 0.01% | N/A | N/A | N/A |
Debt/Assets
23.6%
Debt/Equity
0.71
Current Ratio
1.70
Interest Coverage
-11.3x
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 |
|---|---|
| 2026-07-31 | 23.59% |
| 2026-04-30 | 26.22% |
| 2026-01-31 | 27.60% |
| 2025-10-31 | 28.20% |
| 2025-07-31 | 27.98% |
| 2025-04-30 | 23.01% |
| 2025-01-31 | 24.74% |
| 2024-10-31 | 26.28% |
| 2024-07-31 | 26.31% |
| 2024-04-30 | 29.42% |
| 2024-01-31 | 31.36% |
| 2023-10-31 | 33.44% |
| 2023-07-31 | 33.55% |
| 2023-04-30 | 37.95% |
| 2023-01-31 | 40.00% |
| 2022-10-31 | 43.00% |
| 2022-07-31 | 36.92% |
| 2022-04-30 | 39.82% |
| 2022-01-31 | 40.86% |
| 2021-10-31 | 43.06% |
| 2021-07-31 | 42.73% |
| 2021-04-30 | 46.39% |
| 2021-01-31 | 47.79% |
| 2020-10-31 | 50.05% |
| 2020-07-31 | 49.37% |
| 2020-04-30 | 5.55% |
| 2020-01-31 | 5.09% |
| 2019-10-31 | 5.38% |
| 2019-07-31 | 0.00% |
| 2019-04-30 | 0.00% |
| 2019-01-31 | 0.00% |
| 2018-10-31 | 0.00% |
| 2018-07-31 | 0.00% |
| 2018-04-30 | 0.00% |
| 2018-01-31 | 0.00% |
| 2017-10-31 | 0.00% |
| 2017-07-31 | 0.00% |
| 2017-04-30 | 0.00% |
| 2016-07-31 | 0.00% |
