Debt to assets
How much of the company's property is financed with borrowed money.
Formula
The numerator is interest-bearing debt, not all liabilities: trade payables are not debt and carry no interest.
How to read the number
A measure of whose share of the business is larger, creditors' or shareholders'. A rising value at flat profit means the growth was bought with debt.
When the metric lies
Where it is used
The metric is calculated across every security in the catalogue and appears on the instrument card, in the multiples table and in the screener.
Also known as: debt to assets