Calculate the debt to assets ratio, a solvency ratio that measures the proportion of a company’s assets that are financed by debt.

This ratio, also known as the Debt Ratio, indicates the percentage of a company’s total assets that are funded by debt. It is a measure of a company’s financial leverage and indicates the extent to which a company relies on borrowed funds to finance its operations. A higher ratio implies a higher level of debt in the company’s capital structure, which could increase financial risk.

The formula is as follows:

\[\text{Debt to Assets Ratio} = \text{Total Debt} / \text{Total Assets}\]

Also known as: asset leverage, debt ratio.

No programming experience? With the Finance Toolkit MCP server, AI assistants such as Claude and ChatGPT can calculate the Debt to Assets Ratio for you. Just ask in plain English.

Calculate the Debt to Assets Ratio in Python

The Debt to Assets Ratio is available in the Ratios module of the open-source Finance Toolkit. Install it with:

pip install financetoolkit -U

Then call get_debt_to_assets_ratio as shown below.

from financetoolkit import Toolkit

toolkit = Toolkit(["AAPL", "TSLA"], api_key="FINANCIAL_MODELING_PREP_KEY")

debt_to_assets_ratios = toolkit.ratios.get_debt_to_assets_ratio()

Which returns:

  2021 2022 2023 2024 2025
AAPL 0.3889 0.3756 0.3515 0.3262 0.3128
TSLA 0.1428 0.0698 0.0898 0.1116 0.0608

Parameters

get_debt_to_assets_ratio accepts the following parameters:

  • rounding (int, optional): The number of decimals to round the results to. Defaults to 4.
  • growth (bool, optional): Whether to calculate the growth of the ratios. Defaults to False.
  • lag (int | str, optional): The lag to use for the growth calculation. Defaults to 1.
  • standardize (bool, optional): Whether to standardize (Z-Score) the result. When combined with growth=True, standardizes the growth values instead of the raw values. Defaults to False.
  • trailing (int): Defines whether to select a trailing period. E.g. when selecting 4 with quarterly data, the TTM is calculated.
Debt to Equity Ratio Interest Coverage Ratio Equity Multiplier Debt Service Coverage Ratio Free Cash Flow Yield Net Debt to EBITDA Ratio Cash Flow Coverage Ratio CAPEX Coverage Ratio CAPEX Dividend Coverage Ratio Debt to Capital Ratio Preferred Dividend Coverage Ratio Interest Paid to Interest Expense Ratio

The Ratios module page introduces the module, and the sidebar lists all of its functions.

Share