Debt / equity
Total debt relative to shareholders' equity at the same fiscal period end - a balance-sheet leverage read.
Formula
Total debt ÷ shareholders' equity (same period end)
Served as: instant · annual. Annual and quarterly observations are never mixed unlabeled.
Where the inputs come from
- LongTermDebt fallback chain (LongTermDebt, LongTermDebtNoncurrent, the including-current-maturities variant - the winning tag is disclosed per fact)
- StockholdersEquity (same-period pairing)
Listed highest priority first. Every served figure carries its filing, fiscal period and accession; open any value on the financials page to see them.
How to compare it honestly
Compare within the same sector; capital-intensive and financial businesses run structurally higher leverage.
When it is not served
Not meaningful when reported shareholders' equity is zero or negative - shown as N/M, never as a negative ratio.
Missing data is missing evidence: it is never shown as zero and never treated as a conclusion.
What it cannot tell you
Book equity can be depressed by buybacks and intangibles; the ratio says nothing about maturity or cost of the debt.
Questions worth asking next
- What does the debt maturity schedule look like in the filings?
- How has interest coverage moved alongside leverage?
Research prompts, not recommendations.
See it computed from filings
Related in balance sheet and liquidity: Net debt · Current ratio · Quick ratio · Interest coverage
Definitions are descriptive and educational. Nothing here is a guaranteed signal or personalized investment advice. How the platform computes and cites every figure.