Net debt to equity
How much the company owes, net of what it holds in cash, against what the owners have in it. The standard measure of financial leverage.
Definition
How it is computed here
| Formula | (total debt − cash) ÷ shareholders' equity |
|---|---|
| Unit | Multiple (×) |
| Period | One fiscal year, as reported |
| Source | Extracted from SEC filings; every value on an asset page carries the accounting tag and the filing it came from |
| Identifier | divida_liquida_patrimonio |
The limit
What this number does not tell you
A negative figure means the company holds more cash than debt, which is a position and not an error. And where equity is small or negative the ratio explodes or inverts without the debt having changed — the denominator is doing the work, not the borrower.
Every metric on this site is published with its blind spot stated. A figure without its limit is half a fact.
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In the data
Highest reported net debt to equity
From the most recent fiscal year of each company.