For the fiscal year ending December 31, 2022, a companys total debt was $54.51 billion and total

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For the fiscal year ending December 31, 2022, a companys total debt was $54.51 billion and total shareholder's equity was $81.45 billion. Based on these figures, the debt-to-equity ratio is .67.

What does this indicate? How easy can they secure additional financing?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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Posted Date: Apr 17, 2024 02:39 AM

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For the fiscal year ending December 31, 2022, a companys total debt was $54.51 billion and total

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The debttoequity ratio is calculated by dividing total debt by total shareholders equity In this cas... View the full answer

Intermediate Accounting

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