Debt
Fundamentals by Sector (US)Data Used: Multiple data services
Date of Analysis: Data used is as of January 2026
Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/dbtfund.xls
For global datasets: https://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
can be obtained by clicking here
on
which companies are included in each industry
| Industry Name | Number of firms | Book Debt to Capital | Market Debt to Capital (Unadjusted) | Market D/E (unadjusted) | Market Debt to Capital (adjusted for leases) | Market D/E (adjusted for leases) | Interest Coverage Ratio | Debt to EBITDA | Effective tax rate | Institutional Holdings | Std dev in Stock Prices | EBITDA/EV | Net PP&E/Total Assets | Capital Spending/Total Assets |
| Advertising | 52 | 64.03% | 28.12% | 39.12% | 28.67% | 40.20% | 2.74 | 4.70 | 5.02% | 36.00% | 62.91% | 8.11% | 9.23% | 1.09% |
| Aerospace/Defense | 79 | 54.79% | 13.33% | 15.38% | 13.47% | 15.56% | 3.71 | 4.62 | 11.58% | 55.06% | 46.45% | 3.49% | 11.69% | 1.85% |
| Air Transport | 23 | 71.38% | 46.74% | 87.76% | 47.69% | 91.17% | 2.46 | 5.13 | 8.29% | 48.05% | 59.00% | 11.73% | 63.77% | 6.39% |
| Apparel | 35 | 56.25% | 24.82% | 33.02% | 23.83% | 31.29% | 7.93 | 3.47 | 9.61% | 52.40% | 46.26% | 9.63% | 23.82% | 2.40% |
| Auto & Truck | 33 | 60.31% | 16.44% | 19.67% | 16.45% | 19.70% | 3.91 | 8.79 | 3.74% | 27.14% | 61.83% | 1.75% | 21.58% | 3.84% |
| Auto Parts | 35 | 43.47% | 29.19% | 41.22% | 29.31% | 41.46% | 4.24 | 2.95 | 15.00% | 73.95% | 49.87% | 12.56% | 23.56% | 3.33% |
| Bank (Money Center) | 15 | 72.69% | 62.13% | 164.05% | 62.15% | 164.19% | NA | NA | 18.43% | 63.18% | 22.74% | 0.15% | 0.94% | 0.06% |
| Banks (Regional) | 568 | 36.63% | 33.69% | 50.80% | 34.25% | 52.10% | 3.00 | NA | 17.61% | 39.81% | 22.68% | 0.33% | 1.01% | 0.08% |
| Beverage (Alcoholic) | 14 | 44.45% | 29.48% | 41.80% | 30.24% | 43.34% | 8.13 | 2.57 | 12.35% | 39.67% | 55.96% | 11.55% | 27.95% | 3.28% |
| Beverage (Soft) | 27 | 57.20% | 16.29% | 19.45% | 17.07% | 20.59% | 9.61 | 3.23 | 6.85% | 50.19% | 57.89% | 5.91% | 16.53% | 2.78% |
| Broadcasting | 24 | 60.77% | 48.20% | 93.06% | 46.19% | 85.85% | 2.42 | 3.90 | 7.73% | 44.82% | 46.62% | 12.49% | 10.59% | 1.09% |
| Brokerage & Investment Banking | 32 | 79.15% | 57.48% | 135.16% | 57.55% | 135.57% | -0.76 | NA | 15.27% | 64.48% | 36.61% | 0.11% | 0.53% | 0.18% |
| Building Materials | 41 | 46.45% | 19.35% | 23.99% | 20.63% | 26.00% | 7.31 | 2.52 | 18.02% | 83.30% | 35.28% | 8.60% | 19.62% | 3.12% |
| Business & Consumer Services | 155 | 51.40% | 16.64% | 19.96% | 16.47% | 19.72% | 5.53 | 2.77 | 10.38% | 54.82% | 41.11% | 6.84% | 11.84% | 1.93% |
| Cable TV | 9 | 65.24% | 58.84% | 142.93% | 59.50% | 146.94% | 3.11 | 3.89 | 10.64% | 72.45% | 44.04% | 16.11% | 22.99% | 4.96% |
| Chemical (Basic) | 29 | 52.40% | 49.63% | 98.55% | 49.84% | 99.35% | 1.22 | 3.75 | 7.68% | 48.65% | 45.81% | 11.23% | 43.50% | 4.96% |
| Chemical (Diversified) | 4 | 65.79% | 63.96% | 177.47% | 63.78% | 176.11% | 1.06 | 6.15 | 0.00% | 63.66% | 39.04% | 11.89% | 44.86% | 3.34% |
| Chemical (Specialty) | 59 | 42.13% | 22.91% | 29.72% | 23.01% | 29.88% | 4.95 | 3.52 | 13.68% | 68.79% | 42.31% | 7.46% | 29.25% | 4.40% |
| Coal & Related Energy | 16 | 20.64% | 10.37% | 11.57% | 6.67% | 7.14% | -2.93 | 1.51 | 3.13% | 46.79% | 64.31% | 3.20% | 51.51% | 4.40% |
| Computer Services | 64 | 54.06% | 19.93% | 24.89% | 20.06% | 25.10% | 6.45 | 3.47 | 10.53% | 54.24% | 53.43% | 7.03% | 6.46% | 0.97% |
| Computers/Peripherals | 36 | 61.31% | 4.44% | 4.65% | 4.42% | 4.62% | 42.45 | 1.17 | 5.91% | 45.56% | 54.58% | 3.91% | 11.36% | 3.08% |
| Construction Supplies | 40 | 49.67% | 15.32% | 18.09% | 14.98% | 17.62% | 11.85 | 2.56 | 16.04% | 69.00% | 35.51% | 5.93% | 19.03% | 3.88% |
| Diversified | 20 | 21.21% | 13.12% | 15.10% | 13.46% | 15.55% | 11.57 | 1.42 | 2.76% | 39.28% | 28.41% | 8.75% | 18.19% | 1.67% |
| Drugs (Biotechnology) | 496 | 50.58% | 11.08% | 12.46% | 11.54% | 13.04% | 1.88 | 6.20 | 1.08% | 38.33% | 75.68% | 2.57% | 8.85% | 1.30% |
| Drugs (Pharmaceutical) | 228 | 48.10% | 12.24% | 13.95% | 12.69% | 14.54% | 10.49 | 2.43 | 2.99% | 33.38% | 76.64% | 6.05% | 12.79% | 2.41% |
| Education | 32 | 38.29% | 19.25% | 23.84% | 19.60% | 24.38% | 5.84 | 2.57 | 15.54% | 55.99% | 47.24% | 10.38% | 19.41% | 2.08% |
| Electrical Equipment | 112 | 43.14% | 10.44% | 11.66% | 10.72% | 12.00% | 4.10 | 3.88 | 4.82% | 40.92% | 72.71% | 3.42% | 16.87% | 2.74% |
| Electronics (Consumer & Office) | 8 | 32.40% | 11.07% | 12.45% | 5.49% | 5.80% | -10.55 | -2.11 | 0.00% | 29.85% | 70.18% | -0.20% | 10.65% | 2.12% |
| Electronics (General) | 114 | 33.97% | 9.38% | 10.35% | 9.92% | 11.01% | 8.12 | 2.69 | 8.04% | 53.65% | 51.84% | 4.75% | 16.59% | 2.50% |
| Engineering/Construction | 48 | 43.72% | 12.39% | 14.15% | 12.29% | 14.01% | 5.35 | 2.78 | 13.64% | 70.44% | 45.92% | 5.62% | 16.90% | 2.68% |
| Entertainment | 92 | 42.85% | 13.51% | 15.62% | 13.73% | 15.91% | 3.67 | 3.46 | 3.30% | 35.94% | 48.71% | 4.60% | 16.09% | 2.46% |
| Environmental & Waste Services | 53 | 58.30% | 17.51% | 21.23% | 17.66% | 21.45% | 5.18 | 3.15 | 4.27% | 42.10% | 54.91% | 6.32% | 33.87% | 5.46% |
| Farming/Agriculture | 35 | 55.21% | 33.72% | 50.87% | 34.14% | 51.85% | 5.93 | 5.92 | 6.29% | 40.51% | 50.79% | 6.14% | 18.15% | 3.50% |
| Financial Svcs. (Non-bank & Insurance | 176 | 90.88% | 73.14% | 272.33% | 73.13% | 272.13% | 8.21 | 67.59 | 12.06% | 56.36% | 42.47% | 1.17% | 0.41% | 0.14% |
| Food Processing | 78 | 44.29% | 30.68% | 44.27% | 30.43% | 43.73% | 5.56 | 3.01 | 10.37% | 48.67% | 43.47% | 9.92% | 18.93% | 2.39% |
| Food Wholesalers | 13 | 69.33% | 31.66% | 46.33% | 31.96% | 46.97% | 3.75 | 3.98 | 9.15% | 67.28% | 33.98% | 9.03% | 27.39% | 3.18% |
| Furn/Home Furnishings | 27 | 51.89% | 30.54% | 43.96% | 29.74% | 42.33% | 3.87 | 4.24 | 11.38% | 54.13% | 51.51% | 8.54% | 24.84% | 2.19% |
| Green & Renewable Energy | 15 | 58.95% | 53.21% | 113.73% | 53.08% | 113.11% | 0.53 | 7.28 | 0.00% | 46.22% | 65.14% | 7.39% | 79.89% | 2.90% |
| Healthcare Products | 204 | 35.70% | 11.13% | 12.52% | 11.34% | 12.79% | 6.80 | 2.74 | 4.85% | 44.15% | 61.79% | 4.74% | 13.29% | 2.10% |
| Healthcare Support Services | 104 | 49.23% | 25.76% | 34.69% | 26.16% | 35.43% | 5.26 | 3.35 | 9.80% | 55.28% | 47.24% | 8.64% | 6.18% | 1.14% |
| Heathcare Information and Technology | 115 | 38.29% | 13.42% | 15.50% | 13.60% | 15.74% | 5.07 | 3.61 | 6.38% | 47.67% | 63.78% | 4.30% | 9.96% | 1.70% |
| Homebuilding | 30 | 25.82% | 17.57% | 21.32% | 17.59% | 21.34% | 84.60 | 1.61 | 16.99% | 82.09% | 32.79% | 11.21% | 2.21% | 0.47% |
| Hospitals/Healthcare Facilities | 31 | 76.47% | 36.63% | 57.80% | 37.47% | 59.92% | 4.26 | 4.10 | 11.35% | 58.17% | 56.46% | 11.25% | 45.88% | 5.74% |
| Hotel/Gaming | 63 | 82.27% | 27.39% | 37.72% | 28.44% | 39.75% | 3.06 | 5.30 | 8.31% | 60.80% | 39.65% | 6.52% | 42.17% | 3.52% |
| Household Products | 110 | 51.06% | 15.14% | 17.84% | 15.36% | 18.15% | 10.43 | 2.17 | 6.50% | 42.96% | 55.46% | 7.57% | 18.55% | 2.83% |
| Information Services | 15 | 55.76% | 24.93% | 33.21% | 24.91% | 33.17% | 3.70 | 3.27 | 18.16% | 73.12% | 32.38% | 8.70% | 7.14% | 1.39% |
| Insurance (General) | 21 | 47.10% | 20.50% | 25.79% | 20.40% | 25.63% | 5.05 | 3.84 | 12.77% | 55.26% | 46.07% | 6.31% | 2.38% | 0.31% |
| Insurance (Life) | 20 | 48.99% | 40.11% | 66.98% | 40.42% | 67.84% | 5.96 | 5.62 | 15.19% | 69.77% | 35.15% | 7.68% | 0.06% | 0.01% |
| Insurance (Prop/Cas.) | 57 | 22.30% | 12.42% | 14.18% | 12.91% | 14.83% | 16.87 | 1.37 | 18.37% | 63.61% | 28.70% | 11.71% | 1.42% | 0.22% |
| Investments & Asset Management | 283 | 44.34% | 24.24% | 32.00% | 24.64% | 32.69% | 11.44 | 12.88 | 3.53% | 47.61% | 30.04% | 2.33% | 1.08% | 0.24% |
| Machinery | 105 | 39.33% | 12.59% | 14.40% | 12.81% | 14.69% | 7.76 | 2.30 | 13.37% | 65.95% | 45.03% | 6.04% | 10.98% | 1.62% |
| Metals & Mining | 73 | 30.69% | 9.27% | 10.21% | 9.90% | 10.98% | 12.74 | 1.43 | 2.52% | 29.86% | 77.56% | 7.96% | 59.41% | 6.65% |
| Office Equipment & Services | 14 | 58.13% | 32.19% | 47.47% | 32.48% | 48.10% | 4.77 | 3.44 | 12.30% | 56.70% | 39.61% | 11.32% | 18.04% | 2.34% |
| Oil/Gas (Integrated) | 4 | 17.53% | 11.07% | 12.45% | 12.16% | 13.85% | 20.43 | 1.01 | 28.24% | 48.63% | 20.27% | 12.25% | 67.84% | 6.04% |
| Oil/Gas (Production and Exploration) | 142 | 33.22% | 26.84% | 36.69% | 27.32% | 37.59% | 6.59 | 1.74 | 6.66% | 44.66% | 42.22% | 19.16% | 84.35% | 13.61% |
| Oil/Gas Distribution | 23 | 62.67% | 36.81% | 58.24% | 36.92% | 58.53% | 3.17 | 4.97 | 9.17% | 58.85% | 42.24% | 8.44% | 70.13% | 6.97% |
| Oilfield Svcs/Equip. | 97 | 40.92% | 26.53% | 36.10% | 27.20% | 37.36% | 4.09 | 2.75 | 8.75% | 62.88% | 48.32% | 11.18% | 38.11% | 3.95% |
| Packaging & Container | 19 | 54.40% | 35.33% | 54.62% | 35.53% | 55.11% | 3.72 | 3.97 | 15.57% | 72.98% | 25.45% | 10.27% | 34.38% | 3.85% |
| Paper/Forest Products | 6 | 44.22% | 30.25% | 43.36% | 30.40% | 43.69% | 3.22 | 2.26 | 8.60% | 80.31% | 56.94% | 12.22% | 52.48% | 6.27% |
| Power | 46 | 62.71% | 42.50% | 73.91% | 42.58% | 74.15% | 2.45 | 5.74 | 12.75% | 80.47% | 25.38% | 8.02% | 70.83% | 8.55% |
| Precious Metals | 56 | 15.39% | 4.76% | 5.00% | 6.79% | 7.28% | 21.80 | 1.23 | 5.97% | 30.29% | 69.95% | 8.93% | 59.10% | 7.20% |
| Publishing & Newspapers | 19 | 34.71% | 18.88% | 23.27% | 19.32% | 23.94% | 6.10 | 2.67 | 10.21% | 65.83% | 35.93% | 8.74% | 14.39% | 2.50% |
| R.E.I.T. | 190 | 63.18% | 46.28% | 86.16% | 45.79% | 84.46% | 2.12 | 11.35 | 1.58% | 66.62% | 26.37% | 4.48% | 49.10% | 0.41% |
| Real Estate (Development) | 14 | 50.04% | 50.20% | 100.80% | 50.45% | 101.83% | 4.10 | 7.24 | 4.91% | 25.28% | 52.10% | 8.92% | 51.77% | 0.25% |
| Real Estate (General/Diversified) | 12 | 25.63% | 22.84% | 29.60% | 34.88% | 53.56% | 5.38 | 9.50 | 4.65% | 39.46% | 31.21% | 4.99% | 13.62% | 0.38% |
| Real Estate (Operations & Services) | 54 | 42.99% | 19.75% | 24.61% | 19.77% | 24.64% | 2.25 | 7.69 | 8.70% | 37.33% | 50.56% | 4.04% | 14.03% | 1.25% |
| Recreation | 49 | 72.01% | 38.98% | 63.87% | 38.65% | 62.99% | 2.26 | 4.78 | 11.45% | 53.35% | 48.31% | 9.52% | 40.36% | 4.66% |
| Reinsurance | 1 | 30.50% | 30.01% | 42.89% | 30.30% | 43.47% | 4.55 | 4.37 | 30.36% | 98.58% | 19.21% | 11.53% | 0.00% | 0.00% |
| Restaurant/Dining | 64 | 95.29% | 21.29% | 27.05% | 21.40% | 27.22% | 5.97 | 4.67 | 9.92% | 62.12% | 41.15% | 5.69% | 49.63% | 4.92% |
| Retail (Automotive) | 34 | 76.96% | 30.88% | 44.68% | 31.20% | 45.36% | 4.36 | 5.59 | 10.77% | 67.05% | 44.58% | 6.73% | 34.24% | 3.16% |
| Retail (Building Supply) | 14 | 96.90% | 19.11% | 23.63% | 18.89% | 23.29% | 7.76 | 3.03 | 11.84% | 66.10% | 45.88% | 6.92% | 39.12% | 3.77% |
| Retail (Distributors) | 62 | 55.48% | 23.57% | 30.83% | 22.02% | 28.24% | 4.95 | 3.76 | 14.59% | 63.23% | 39.29% | 6.78% | 12.51% | 5.19% |
| Retail (General) | 23 | 36.90% | 7.52% | 8.13% | 7.36% | 7.94% | 18.37 | 1.58 | 19.10% | 64.94% | 43.34% | 5.75% | 53.13% | 12.40% |
| Retail (Grocery and Food) | 15 | 66.69% | 33.73% | 50.89% | 34.19% | 51.95% | 3.93 | 3.27 | 12.22% | 53.47% | 49.42% | 11.16% | 58.37% | -0.34% |
| Retail (REITs) | 26 | 53.70% | 35.85% | 55.89% | 36.07% | 56.42% | 2.25 | 6.56 | 1.60% | 83.94% | 18.77% | 5.98% | 79.00% | 0.58% |
| Retail (Special Lines) | 94 | 60.23% | 17.27% | 20.88% | 16.50% | 19.76% | 13.49 | 2.88 | 10.07% | 53.50% | 53.25% | 8.64% | 43.49% | 4.97% |
| Rubber& Tires | 3 | 74.12% | 78.40% | 362.93% | 78.19% | 358.47% | 0.87 | 5.67 | 0.00% | 59.66% | 50.77% | 14.74% | 44.32% | 4.57% |
| Semiconductor | 66 | 25.54% | 2.51% | 2.58% | 2.53% | 2.59% | 23.06 | 1.09 | 5.11% | 64.91% | 55.83% | 2.85% | 23.21% | 5.55% |
| Semiconductor Equip | 31 | 31.86% | 4.60% | 4.82% | 4.64% | 4.86% | 18.24 | 1.25 | 9.96% | 68.34% | 50.08% | 4.02% | 15.77% | 4.30% |
| Shipbuilding & Marine | 8 | 25.42% | 18.52% | 22.73% | 18.40% | 22.55% | 10.64 | 1.61 | 5.26% | 48.89% | 50.09% | 12.50% | 68.14% | 7.00% |
| Shoe | 11 | 43.18% | 11.14% | 12.54% | 10.67% | 11.94% | 13.42 | 1.96 | 11.86% | 71.74% | 50.08% | 5.88% | 19.04% | 1.60% |
| Software (Entertainment) | 77 | 15.98% | 2.05% | 2.09% | 2.00% | 2.04% | 86.01 | 0.53 | 5.29% | 45.17% | 57.06% | 4.50% | 46.36% | 15.64% |
| Software (Internet) | 29 | 59.87% | 12.08% | 13.74% | 10.95% | 12.30% | 0.95 | 11.32 | 3.05% | 53.69% | 52.61% | 1.83% | 34.49% | 12.32% |
| Software (System & Application) | 309 | 34.14% | 5.37% | 5.67% | 5.28% | 5.58% | 18.95 | 1.71 | 5.51% | 49.51% | 56.79% | 3.76% | 22.55% | 7.01% |
| Steel | 19 | 30.29% | 18.81% | 23.17% | 19.04% | 23.51% | 4.22 | 2.20 | 9.28% | 69.55% | 38.51% | 7.31% | 44.13% | 6.73% |
| Telecom (Wireless) | 12 | 64.69% | 34.54% | 52.77% | 34.19% | 51.95% | 4.77 | 3.72 | 4.02% | 36.13% | 40.18% | 11.13% | 31.05% | 4.80% |
| Telecom. Equipment | 57 | 43.64% | 8.47% | 9.25% | 8.44% | 9.22% | 7.00 | 2.36 | 7.06% | 58.81% | 55.26% | 4.10% | 7.79% | 1.44% |
| Telecom. Services | 39 | 60.95% | 48.82% | 95.40% | 49.00% | 96.06% | 3.61 | 3.85 | 3.40% | 49.82% | 60.29% | 14.85% | 37.90% | 5.34% |
| Tobacco | 10 | 113.80% | 18.36% | 22.48% | 18.68% | 22.97% | 9.15 | 2.88 | 14.77% | 43.50% | 65.96% | 7.41% | 9.60% | 1.53% |
| Transportation | 19 | 63.61% | 26.74% | 36.51% | 26.71% | 36.45% | 4.39 | 4.70 | 8.54% | 67.66% | 38.13% | 7.96% | 37.27% | 4.77% |
| Transportation (Railroads) | 4 | 61.55% | 21.53% | 27.43% | 21.75% | 27.79% | 6.12 | 2.97 | 16.98% | 80.82% | 23.90% | 7.41% | 84.10% | 5.66% |
| Trucking | 26 | 42.43% | 20.50% | 25.79% | 20.15% | 25.23% | 4.06 | 2.30 | 12.60% | 57.42% | 35.29% | 9.59% | 42.86% | 11.09% |
| Utility (General) | 14 | 57.87% | 43.14% | 75.88% | 44.90% | 81.48% | 2.57 | 6.77 | 12.77% | 87.58% | 14.96% | 7.28% | 69.30% | 8.88% |
| Utility (Water) | 14 | 55.40% | 38.37% | 62.25% | 38.41% | 62.36% | 3.06 | 6.04 | 11.19% | 61.86% | 29.60% | 6.98% | 81.15% | 8.27% |
| Total Market | 5994 | 61.72% | 25.93% | 35.01% | 26.02% | 35.17% | 6.90 | 6.52 | 8.30% | 50.88% | 48.07% | 4.64% | 14.39% | 2.04% |
| Total Market (without financials) | 4822 | 48.24% | 14.63% | 17.14% | 14.74% | 17.29% | 6.73 | 3.01 | 7.10% | 51.81% | 52.76% | 5.59% | 33.77% | 4.79% |