Debt Fundamentals by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2016

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/dbtfund.xls

For global datasets: http://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) Effective tax rate Institutional Holdings Std dev in Stock Prices EBITDA/Value Fixed Assets/Total Assets Capital Spending/Total Assets
Advertising 44 73.26% 28.70% 40.25% 36.00% 56.26% 3.90% 25.66% 71.03% 11.01% 17.40% 1.58%
Aerospace/Defense 92 44.89% 15.66% 18.56% 17.01% 20.50% 13.51% 53.84% 46.90% 9.67% 19.04% 2.26%
Air Transport 20 56.86% 27.47% 37.87% 41.10% 69.78% 18.34% 66.09% 51.95% 17.23% 74.24% 8.45%
Apparel 63 39.55% 14.92% 17.53% 21.79% 27.86% 13.84% 50.34% 60.62% 9.16% 16.02% 3.62%
Auto & Truck 19 74.04% 55.84% 126.47% 56.15% 128.04% 8.01% 52.55% 33.71% 8.92% 1.28% 6.86%
Auto Parts 65 43.57% 23.19% 30.19% 24.76% 32.91% 9.64% 54.09% 55.06% 13.48% 30.17% 5.36%
Bank (Money Center) 9 67.08% 67.98% 212.31% 68.40% 216.41% 25.82% 58.01% 32.77% 0.27% 0.00% 0.05%
Banks (Regional) 644 46.46% 42.89% 75.10% 44.01% 78.59% 24.11% 32.45% 28.93% 0.42% 0.23% 0.23%
Beverage (Alcoholic) 22 43.76% 14.95% 17.58% 15.44% 18.25% 11.28% 34.38% 58.51% 5.01% 1.23% 3.63%
Beverage (Soft) 43 64.28% 18.12% 22.13% 18.68% 22.98% 5.97% 24.49% 54.55% 6.31% 33.63% 3.17%
Broadcasting 29 67.93% 47.02% 88.75% 48.65% 94.73% 21.20% 58.10% 47.22% 10.49% 10.96% 1.07%
Brokerage & Investment Banking 42 76.52% 73.78% 281.38% 74.06% 285.54% 18.15% 53.92% 48.05% 0.26% 1.80% 0.18%
Building Materials 39 55.15% 23.26% 30.31% 24.90% 33.15% 22.43% 66.28% 44.27% 8.73% 39.49% 3.41%
Business & Consumer Services 159 54.13% 23.30% 30.38% 26.11% 35.33% 13.76% 55.89% 50.13% 8.85% 10.52% 2.61%
Cable TV 19 68.77% 32.51% 48.16% 33.16% 49.61% 17.19% 48.19% 41.58% 10.56% 40.76% 5.68%
Chemical (Basic) 42 46.96% 35.77% 55.69% 38.25% 61.95% 8.24% 29.01% 54.20% 14.89% 56.18% 6.90%
Chemical (Diversified) 9 51.77% 25.72% 34.63% 27.68% 38.27% 18.35% 76.81% 40.56% 10.99% 69.73% 5.76%
Chemical (Specialty) 104 51.91% 22.52% 29.07% 23.88% 31.38% 8.45% 50.43% 50.43% 9.29% 49.41% 4.70%
Coal & Related Energy 38 68.62% 74.54% 292.73% 75.73% 312.08% 0.95% 24.41% 86.78% 14.25% 102.60% 5.75%
Computer Services 118 52.36% 19.88% 24.82% 22.40% 28.87% 12.84% 43.86% 51.74% 11.99% 19.61% 2.53%
Computers/Peripherals 64 35.27% 14.45% 16.90% 15.72% 18.65% 5.48% 46.75% 63.91% 14.23% 20.75% 3.58%
Construction Supplies 52 58.22% 36.03% 56.33% 37.14% 59.08% 17.00% 72.79% 42.41% 11.90% 20.32% 4.63%
Diversified 26 50.10% 35.07% 54.02% 35.78% 55.72% 15.20% 58.70% 27.37% 7.86% 23.36% 2.63%
Drugs (Biotechnology) 411 50.62% 12.02% 13.66% 12.50% 14.29% 1.80% 38.48% 88.89% 4.41% 8.09% 1.74%
Drugs (Pharmaceutical) 157 33.70% 11.16% 12.56% 11.51% 13.01% 3.90% 38.70% 77.30% 6.91% 18.85% 1.71%
Education 40 29.80% 19.19% 23.75% 31.62% 46.24% 12.05% 49.34% 59.62% 13.56% 15.25% 4.01%
Electrical Equipment 120 40.87% 16.68% 20.02% 17.97% 21.91% 6.58% 31.03% 71.04% 8.47% 26.46% 5.22%
Electronics (Consumer & Office) 25 23.86% 10.32% 11.51% 12.90% 14.81% 9.71% 29.05% 63.42% 10.30% 22.05% 3.46%
Electronics (General) 167 26.56% 15.23% 17.96% 16.52% 19.79% 9.47% 42.91% 59.34% 10.25% 36.84% 3.95%
Engineering/Construction 51 31.46% 23.62% 30.93% 29.53% 41.91% 11.63% 64.64% 57.02% 13.14% 18.54% 2.27%
Entertainment 84 44.63% 20.10% 25.16% 23.04% 29.94% 3.25% 36.91% 63.16% 9.53% 25.03% 2.53%
Environmental & Waste Services 97 52.63% 26.09% 35.30% 27.96% 38.80% 7.49% 34.73% 65.51% 9.58% 68.51% 4.88%
Farming/Agriculture 37 55.49% 41.90% 72.13% 43.09% 75.73% 9.28% 43.85% 48.69% 9.92% 30.25% 4.01%
Financial Svcs. (Non-bank & Insurance) 272 95.84% 93.04% 1336.47% 93.05% 1338.71% 18.75% 38.98% 34.97% 0.24% 0.66% 0.21%
Food Processing 89 40.20% 19.88% 24.82% 20.74% 26.16% 14.09% 52.57% 38.29% 6.68% 19.58% 2.30%
Food Wholesalers 14 41.67% 17.86% 21.75% 19.98% 24.97% 15.85% 57.24% 54.49% 9.80% 5.74% 4.54%
Furn/Home Furnishings 30 42.90% 20.92% 26.45% 23.63% 30.94% 15.53% 52.26% 44.49% 9.99% 42.56% 3.72%
Green & Renewable Energy 28 48.03% 55.91% 126.82% 57.07% 132.92% 0.77% 42.19% 62.36% 6.27% 50.82% 14.35%
Healthcare Products 254 41.43% 15.56% 18.42% 16.32% 19.50% 6.42% 42.07% 62.16% 6.32% 22.50% 2.92%
Healthcare Support Services 127 44.84% 20.82% 26.29% 22.25% 28.62% 13.84% 52.01% 54.32% 9.85% 2.02% 1.29%
Heathcare Information and Technology 126 40.41% 13.79% 15.99% 15.04% 17.70% 6.96% 44.66% 60.52% 5.23% 8.39% 1.86%
Homebuilding 34 48.86% 37.43% 59.83% 37.84% 60.86% 21.79% 72.51% 41.71% 7.27% 1.16% 0.31%
Hospitals/Healthcare Facilities 58 66.26% 47.13% 89.14% 49.61% 98.46% 10.41% 66.92% 36.49% 9.33% 74.43% 2.53%
Hotel/Gaming 73 61.15% 33.46% 50.29% 35.66% 55.41% 11.34% 47.47% 46.75% 8.37% 31.29% 4.50%
Household Products 134 49.66% 15.51% 18.36% 16.68% 20.02% 8.86% 37.10% 62.02% 7.65% 16.24% 2.87%
Information Services 70 45.44% 12.63% 14.46% 13.44% 15.52% 16.46% 66.28% 40.74% 6.31% 4.84% 1.60%
Insurance (General) 20 26.44% 28.39% 39.65% 29.95% 42.76% 21.73% 63.97% 33.57% 12.10% 0.24% 0.31%
Insurance (Life) 25 42.46% 43.60% 77.31% 44.16% 79.07% 20.29% 60.19% 35.59% 11.85% 0.00% 0.01%
Insurance (Prop/Cas.) 53 28.75% 22.64% 29.27% 23.89% 31.39% 21.85% 61.09% 32.93% 11.66% 0.68% 0.26%
Investments & Asset Management 145 44.77% 42.29% 73.27% 43.30% 76.37% 7.90% 45.01% 37.84% 5.03% 0.81% 0.20%
Machinery 130 43.46% 20.41% 25.64% 21.61% 27.57% 15.24% 65.09% 46.07% 10.36% 22.25% 2.57%
Metals & Mining 114 50.24% 45.47% 83.37% 46.17% 85.76% 1.42% 20.07% 91.02% 14.08% 71.07% 8.86%
Office Equipment & Services 24 67.47% 35.23% 54.40% 37.72% 60.56% 19.14% 60.70% 41.58% 13.53% 22.66% 3.36%
Oil/Gas (Integrated) 7 17.86% 12.75% 14.61% 14.16% 16.50% 8.14% 55.66% 50.24% 11.09% 63.13% 10.55%
Oil/Gas (Production and Exploration) 351 47.27% 44.00% 78.57% 45.20% 82.48% 2.91% 35.56% 80.22% 15.29% 164.31% 18.09%
Oil/Gas Distribution 79 52.08% 47.81% 91.62% 48.55% 94.36% 5.60% 43.75% 47.82% 7.83% 70.18% 9.36%
Oilfield Svcs/Equip. 143 32.30% 25.12% 33.54% 28.10% 39.08% 9.56% 51.89% 69.62% 17.13% 63.08% 6.48%
Packaging & Container 25 63.18% 34.16% 51.89% 35.37% 54.73% 21.41% 76.02% 32.10% 10.57% 38.78% 3.92%
Paper/Forest Products 20 73.82% 46.39% 86.53% 47.11% 89.06% 15.88% 69.94% 38.53% 11.00% 84.17% 4.44%
Power 73 55.68% 44.03% 78.68% 45.49% 83.44% 23.38% 62.08% 29.31% 11.21% 94.35% 6.84%
Precious Metals 113 26.44% 33.04% 49.35% 33.35% 50.03% 1.60% 18.02% 93.13% 19.57% 19.69% 8.43%
Publshing & Newspapers 39 41.99% 29.22% 41.28% 33.14% 49.57% 13.67% 59.52% 51.60% 11.29% 26.25% 2.74%
R.E.I.T. 221 63.81% 46.10% 85.53% 47.32% 89.81% 2.17% 73.54% 25.71% 4.14% 59.30% 0.47%
Real Estate (Development) 21 44.70% 37.16% 59.14% 38.61% 62.89% 1.06% 57.22% 36.15% 3.38% 54.41% 1.56%
Real Estate (General/Diversified) 12 29.28% 19.63% 24.43% 20.30% 25.47% 9.64% 58.34% 40.76% 4.25% 6.69% 2.08%
Real Estate (Operations & Services) 55 55.94% 36.42% 57.29% 39.22% 64.54% 11.19% 32.64% 43.44% 7.34% 29.95% 1.75%
Recreation 65 50.76% 21.54% 27.46% 24.02% 31.61% 11.33% 51.29% 45.47% 9.38% 49.95% 4.53%
Reinsurance 3 26.12% 27.17% 37.31% 28.30% 39.48% 20.37% 77.74% 29.15% 12.26% 0.00% 0.13%
Restaurant/Dining 83 60.72% 12.85% 14.75% 20.54% 25.85% 18.54% 62.28% 40.67% 7.86% 70.53% 7.48%
Retail (Automotive) 26 70.20% 28.53% 39.91% 34.71% 53.16% 21.18% 75.94% 46.34% 8.69% 35.63% 4.07%
Retail (Building Supply) 5 66.63% 12.24% 13.94% 15.78% 18.73% 23.18% 63.76% 50.34% 7.68% 94.68% 3.45%
Retail (Distributors) 83 60.33% 35.19% 54.29% 37.63% 60.34% 16.42% 57.70% 52.36% 9.29% 8.94% 8.43%
Retail (General) 19 45.97% 21.97% 28.16% 28.31% 39.49% 24.75% 77.88% 46.87% 12.43% 75.62% 5.34%
Retail (Grocery and Food) 17 55.14% 19.98% 24.97% 31.92% 46.89% 23.56% 55.74% 51.57% 11.39% 24.95% 10.26%
Retail (Online) 39 47.25% 6.57% 7.03% 7.83% 8.49% 11.14% 50.91% 50.54% 2.74% 1.92% 5.01%
Retail (Special Lines) 124 42.10% 17.16% 20.71% 31.83% 46.68% 19.95% 66.79% 50.69% 11.33% 24.63% 3.95%
Rubber& Tires 4 51.66% 35.78% 55.72% 39.49% 65.26% 9.60% 63.88% 38.00% 19.33% 87.61% 5.52%
Semiconductor 87 25.83% 10.45% 11.67% 11.17% 12.57% 9.51% 59.43% 51.24% 10.23% 48.37% 4.52%
Semiconductor Equip 46 45.59% 26.92% 36.84% 27.31% 37.57% 11.25% 65.95% 54.21% 8.56% 35.17% 6.66%
Shipbuilding & Marine 11 34.69% 33.61% 50.62% 36.28% 56.95% 11.82% 45.88% 60.89% 12.95% 96.93% 6.73%
Shoe 11 16.30% 2.87% 2.95% 6.36% 6.79% 18.12% 69.76% 39.02% 5.80% 3.21% 0.75%
Software (Entertainment) 17 26.83% 8.30% 9.06% 9.28% 10.23% 1.56% 58.55% 54.18% 5.02% 6.73% 1.08%
Software (Internet) 308 12.80% 3.10% 3.20% 4.24% 4.43% 3.80% 35.89% 64.71% 3.85% 17.57% 5.89%
Software (System & Application) 241 36.11% 9.86% 10.94% 10.86% 12.18% 6.34% 50.29% 59.22% 5.81% 9.73% 2.53%
Steel 36 53.84% 46.56% 87.11% 47.85% 91.75% 11.49% 52.66% 51.52% 12.33% 70.39% 3.23%
Telecom (Wireless) 19 60.94% 51.41% 105.79% 60.09% 150.55% 9.38% 43.52% 45.11% 13.01% 32.56% 8.77%
Telecom. Equipment 121 33.27% 16.30% 19.47% 17.16% 20.72% 8.86% 49.03% 57.78% 8.92% 14.49% 1.99%
Telecom. Services 65 64.83% 40.61% 68.37% 43.85% 78.10% 11.89% 41.41% 52.25% 11.82% 77.98% 5.64%
Tobacco 20 85.38% 16.32% 19.50% 16.55% 19.84% 11.64% 37.93% 48.90% 6.68% 16.55% 1.15%
Transportation 21 53.47% 16.90% 20.34% 23.73% 31.12% 18.82% 69.31% 40.03% 11.30% 91.24% 7.93%
Transportation (Railroads) 12 42.57% 22.70% 29.36% 23.37% 30.49% 15.11% 56.90% 31.20% 12.94% 113.74% 8.08%
Trucking 26 73.87% 48.26% 93.26% 50.30% 101.22% 31.25% 70.61% 43.08% 12.14% 34.79% 14.89%
Unclassified 3 54.67% 49.87% 99.48% 50.10% 100.42% 0.00% 15.09% 24.61% 0.49% 51.94% 0.01%
Utility (General) 20 56.03% 40.99% 69.45% 41.35% 70.51% 26.58% 73.87% 25.03% 10.17% 87.76% 8.05%
Utility (Water) 18 52.51% 32.55% 48.26% 32.88% 49.00% 14.60% 37.30% 36.78% 8.14% 105.97% 6.27%
Total Market 7480 62.63% 40.35% 67.65% 41.69% 71.49% 10.95% 47.40% 51.65% 6.50% 19.70% 2.16%

Updated January 2016
By Aswath Damodaran