Debt / Equity is defined as:
Total Debt
(/) Total Common Equity
(=) Debt / Equity
Debt / Equity is not meaningful for .
The higher the ratio, the more debt the company has in its capital structure.
Read More on HBR: Debt / Equity Ratio
Click the link below to download a spreadsheet with an example Debt / Equity calculation for HLSE:PURMO below: