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Debt management ratios Total Debt to Total Assets The debt ratio is expressed as Total debt / Total assets. Year Total debt 2020 15,268,672 26,507,928 0.0576 2019 2018 15,251,784 25,944,712 16,237,496 26,751,055 Total assets Total Debt to Total 0.587 0.606 Assets Total Debt to Equity The debt ratio is expressed as Total debt / Total equity. Year Total debt Total equity Total Debt to equity 2019 15,251,784 10,692,928 1.4263 2020 2018 15,268,672 11,239,256 1.3585 16,237,496 10,513,559 1.5444|

Debt management ratios Total Debt to Total Assets The debt ratio is expressed as Total debt / Total assets. Year Total debt 2020 15,268,672 26,507,928 0.0576 2019 2018 15,251,784 25,944,712 16,237,496 26,751,055 Total assets Total Debt to Total 0.587 0.606 Assets Total Debt to Equity The debt ratio is expressed as Total debt / Total equity. Year Total debt Total equity Total Debt to equity 2019 15,251,784 10,692,928 1.4263 2020 2018 15,268,672 11,239,256 1.3585 16,237,496 10,513,559 1.5444|

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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interpret and analyze the ratios

Debt management ratios Total Debt to Total Assets The debt ratio is expressed as Total debt / Total assets. 2019 Year Total debt 2020 2018 15,268,672 15,251,784 25,944,712 16,237,496 26,751,055 Total assets 26,507,928 Total Debt to Total 0.0576 0.587 0.606 Assets Total Debt to Equity The debt ratio is expressed as Total debt / Total equity. Year Total debt Total equity Total Debt to equity 2020 2019 2018 15,268,672 11,239,256 15,251,784 10,692,928 16,237,496 10,513,559 1.5444| 1.3585 1.4263
Transcribed Image Text:Debt management ratios Total Debt to Total Assets The debt ratio is expressed as Total debt / Total assets. 2019 Year Total debt 2020 2018 15,268,672 15,251,784 25,944,712 16,237,496 26,751,055 Total assets 26,507,928 Total Debt to Total 0.0576 0.587 0.606 Assets Total Debt to Equity The debt ratio is expressed as Total debt / Total equity. Year Total debt Total equity Total Debt to equity 2020 2019 2018 15,268,672 11,239,256 15,251,784 10,692,928 16,237,496 10,513,559 1.5444| 1.3585 1.4263
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