Consider the following data for Company Y:

Balance Sheet AA3:C30
Balance Sheet as of:
	Dec 31 2018	Dec-31-2019
Currency	Million USD	Million USD
ASSETS
Cash and Short Term Investments	2.5	2.1
Accounts Receivable	3.2	2.1
Other Currrent Assets	5.3	6.2
Current Assets	11.0	10.4
Property, Plant and Equipment	23.0	28.7
Intangible Assets	15.3	17.0
Other Assets	2.1	3.2
Total Assets	51.4	59.3
LIABILITIES
Accounts Payable	7.2	8.4
Accrued Exp.	1.3	2.3
Short-term debt	3.5	3.6
Total Current Liabilities	12.0	14.3
Long-term debt	27.2	31.0
Other liabilities	1.1	2.1
Total Liabilities	40.3	47.4
Market capitalization	15.3	17.8
Total Debt	30.7	34.6
Cash and short-term investments	2.5	2.1
Enterprise Value	43.5	50.3

Compute the company's leverage ratio in 2018 and 2019 using the two ratios that we focused on in the course.

	Dec 31 2018	Dec-31-2019
Debt / (Debt + Equity)
Liabilities / Assets

Answer rating: 100% (QA)

Dec 31 2018 Dec312019 Debt ... View the full answer