{"product_id":"debt-to-asset","title":"Debt to Asset Ratio Calculator","description":"\u003cstyle\u003e\n.dta-calculator {\n  --ink: #0f172a;\n  --muted: #475569;\n  --border: #e2e8f0;\n  --surface: #ffffff;\n  --tint: #f8fafc;\n  --primary: #1d4ed8;\n  --accent: #c2410c;\n  --accent-hover: #9a3412;\n  --chart-1: #1e40af;\n  --chart-2: #0d9488;\n  --chart-3: #7c3aed;\n  --chart-4: #be185d;\n  --chart-5: #334155;\n  width: 100%;\n  max-width: 1200px;\n  margin: 0 auto;\n  color: var(--ink);\n  background: var(--surface);\n  border: 1px solid var(--border);\n  border-radius: 8px;\n  box-shadow: 0 1px 2px rgba(15, 23, 42, .06);\n  font-family: Inter, ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, \"Segoe UI\", sans-serif;\n  font-size: 15px;\n  line-height: 1.55;\n  container-type: inline-size;\n  container-name: dta;\n}\n.dta-calculator,\n.dta-calculator *,\n.dta-calculator *::before,\n.dta-calculator *::after { box-sizing: border-box; }\n.dta-calculator * { min-width: 0; }\n.dta-calculator .dta-shell { padding: 24px; }\n.dta-calculator .dta-header { display: grid; gap: 12px; margin-bottom: 16px; }\n.dta-calculator .dta-header-copy { display: grid; gap: 4px; }\n.dta-calculator .dta-title { margin: 0; font-size: 24px; line-height: 1.25; font-weight: 700; letter-spacing: -.02em; }\n.dta-calculator .dta-subtitle { margin: 0; color: var(--muted); }\n.dta-calculator .dta-pills { display: flex; flex-wrap: wrap; gap: 8px; }\n.dta-calculator .dta-pill { display: inline-flex; align-items: center; gap: 6px; min-height: 32px; padding: 6px 10px; border: 1px solid var(--border); border-radius: 999px; background: var(--tint); color: var(--muted); font-size: 13px; font-weight: 600; }\n.dta-calculator .dta-pill strong { color: var(--ink); font-variant-numeric: tabular-nums; }\n.dta-calculator .dta-toolbar { display: flex; flex-wrap: wrap; align-items: center; gap: 8px; margin-bottom: 16px; }\n.dta-calculator .dta-button { min-height: 44px; border: 1px solid var(--border); border-radius: 6px; padding: 11px 16px; background: var(--surface); color: var(--ink); font: inherit; font-weight: 650; line-height: 1; cursor: pointer; transition: background .16s ease, border-color .16s ease, box-shadow .16s ease, transform .16s ease; }\n.dta-calculator .dta-button:hover { border-color: #cbd5e1; box-shadow: 0 2px 5px rgba(15, 23, 42, .10); }\n.dta-calculator .dta-button:active { transform: translateY(1px); }\n.dta-calculator .dta-button:focus-visible,\n.dta-calculator input:focus-visible,\n.dta-calculator select:focus-visible,\n.dta-calculator summary:focus-visible,\n.dta-calculator a:focus-visible { outline: 3px solid rgba(29, 78, 216, .35); outline-offset: 2px; }\n.dta-calculator .dta-download { display: inline-flex; align-items: center; gap: 10px; padding: 12px 18px; border-color: var(--accent); background: var(--accent); color: #ffffff; white-space: nowrap; }\n.dta-calculator .dta-download:hover { border-color: var(--accent-hover); background: var(--accent-hover); color: #ffffff; }\n.dta-calculator .dta-download-icon { width: 18px; height: 18px; flex: 0 0 18px; }\n.dta-calculator .dta-workspace { display: grid; gap: 16px; align-items: start; }\n.dta-calculator .dta-panel { border: 1px solid var(--border); border-radius: 8px; background: var(--surface); box-shadow: 0 1px 2px rgba(15, 23, 42, .04); }\n.dta-calculator .dta-panel-inner { padding: 16px; }\n.dta-calculator .dta-section-title { margin: 0 0 12px; font-size: 18px; line-height: 1.35; font-weight: 650; }\n.dta-calculator .dta-fields { display: grid; gap: 16px; }\n.dta-calculator .dta-field { display: grid; grid-template-rows: auto auto minmax(38px, auto); gap: 6px; align-content: start; }\n.dta-calculator .dta-label { font-size: 14px; font-weight: 600; }\n.dta-calculator .dta-control { width: 100%; min-height: 44px; border: 1px solid #cbd5e1; border-radius: 6px; padding: 10px 12px; background: #ffffff; color: var(--ink); font: inherit; font-variant-numeric: tabular-nums; }\n.dta-calculator .dta-control:hover { border-color: #94a3b8; }\n.dta-calculator .dta-helper { margin: 0; color: var(--muted); font-size: 13px; font-weight: 500; line-height: 1.45; }\n.dta-calculator .dta-error { display: none; margin: 0; color: #b91c1c; font-size: 13px; font-weight: 600; }\n.dta-calculator .dta-field[data-invalid=\"true\"] .dta-control { border-color: #b91c1c; }\n.dta-calculator .dta-field[data-invalid=\"true\"] .dta-error { display: block; }\n.dta-calculator .dta-result-primary { display: grid; gap: 8px; padding: 16px; border: 1px solid #bfdbfe; border-radius: 8px; background: #eff6ff; }\n.dta-calculator .dta-eyebrow { color: var(--muted); font-size: 13px; font-weight: 650; text-transform: uppercase; letter-spacing: .06em; }\n.dta-calculator .dta-primary-value { font-size: 30px; line-height: 1.1; font-weight: 700; font-variant-numeric: tabular-nums; overflow-wrap: anywhere; }\n.dta-calculator .dta-result-copy { margin: 0; color: #1e3a8a; font-size: 14px; }\n.dta-calculator .dta-result-grid { display: grid; grid-template-columns: repeat(2, minmax(0, 1fr)); gap: 8px; margin-top: 12px; }\n.dta-calculator .dta-result-card { display: grid; gap: 4px; padding: 12px; border: 1px solid var(--border); border-radius: 8px; background: var(--tint); }\n.dta-calculator .dta-card-label { color: var(--muted); font-size: 13px; font-weight: 600; }\n.dta-calculator .dta-card-value { font-size: 20px; line-height: 1.25; font-weight: 700; font-variant-numeric: tabular-nums; overflow-wrap: anywhere; }\n.dta-calculator .dta-status { display: inline-flex; width: fit-content; align-items: center; padding: 4px 8px; border-radius: 999px; background: #e2e8f0; color: #334155; font-size: 13px; font-weight: 650; }\n.dta-calculator .dta-status[data-level=\"low\"] { background: #dcfce7; color: #166534; }\n.dta-calculator .dta-status[data-level=\"moderate\"] { background: #fef3c7; color: #92400e; }\n.dta-calculator .dta-status[data-level=\"elevated\"] { background: #ffedd5; color: #9a3412; }\n.dta-calculator .dta-status[data-level=\"high\"] { background: #fee2e2; color: #991b1b; }\n.dta-calculator .dta-live { position: absolute; width: 1px; height: 1px; padding: 0; border: 0; margin: -1px; overflow: hidden; clip: rect(0 0 0 0); white-space: nowrap; }\n.dta-calculator .dta-breakdown { display: grid; gap: 12px; margin-top: 16px; }\n.dta-calculator .dta-breakdown-grid { display: grid; grid-template-columns: repeat(2, minmax(0, 1fr)); gap: 8px; }\n.dta-calculator .dta-metric { display: grid; gap: 4px; padding: 12px; border: 1px solid var(--border); border-radius: 8px; background: var(--surface); }\n.dta-calculator .dta-metric-name { color: var(--muted); font-size: 13px; font-weight: 600; }\n.dta-calculator .dta-metric-value { font-size: 20px; font-weight: 700; font-variant-numeric: tabular-nums; overflow-wrap: anywhere; }\n.dta-calculator .dta-metric-detail { color: var(--muted); font-size: 13px; font-weight: 500; }\n.dta-calculator .dta-chart-card { margin-top: 16px; }\n.dta-calculator .dta-chart-head { display: grid; gap: 4px; margin-bottom: 16px; }\n.dta-calculator .dta-chart-head p { margin: 0; color: var(--muted); font-size: 13px; font-weight: 500; }\n.dta-calculator .dta-chart-cluster { display: grid; gap: 24px; align-items: center; justify-content: center; max-width: 860px; margin: 0 auto; }\n.dta-calculator .dta-plot-wrap { width: 100%; max-width: 540px; margin: 0 auto; }\n.dta-calculator .dta-svg { display: block; width: 100%; height: auto; min-height: 260px; overflow: visible; }\n.dta-calculator .dta-chart-side { display: grid; gap: 16px; align-content: start; }\n.dta-calculator .dta-legend { display: grid; gap: 8px; }\n.dta-calculator .dta-legend-row { display: grid; grid-template-columns: 12px max-content max-content; gap: 10px; align-items: center; width: fit-content; max-width: 100%; font-size: 13px; font-weight: 600; }\n.dta-calculator .dta-swatch { width: 12px; height: 12px; border-radius: 3px; }\n.dta-calculator .dta-legend-value { color: var(--ink); font-variant-numeric: tabular-nums; }\n.dta-calculator .dta-chart-summary { display: grid; gap: 6px; padding-top: 4px; }\n.dta-calculator .dta-chart-summary-row { display: grid; grid-template-columns: max-content max-content; gap: 12px; width: fit-content; font-size: 13px; }\n.dta-calculator .dta-chart-summary-row span:last-child { font-variant-numeric: tabular-nums; font-weight: 650; }\n.dta-calculator .dta-chart-caption { margin-top: 16px; padding: 10px 12px; border: 1px solid var(--border); border-radius: 6px; background: var(--tint); color: var(--muted); font-size: 13px; font-weight: 500; }\n.dta-calculator .dta-chart-empty { display: none; max-width: 540px; margin: 0 auto; padding: 16px; border: 1px dashed #cbd5e1; border-radius: 6px; background: var(--tint); color: var(--muted); text-align: center; font-size: 13px; font-weight: 600; }\n.dta-calculator .dta-chart-card[data-empty=\"true\"] .dta-chart-cluster,\n.dta-calculator .dta-chart-card[data-empty=\"true\"] .dta-chart-caption { display: none; }\n.dta-calculator .dta-chart-card[data-empty=\"true\"] .dta-chart-empty { display: block; }\n.dta-calculator .dta-safe-stack .dta-chart-cluster { grid-template-columns: minmax(0, 1fr) !important; gap: 16px !important; }\n.dta-calculator .dta-safe-stack .dta-chart-side { justify-items: center; }\n.dta-calculator .dta-safe-stack .dta-chart-caption { margin-top: 20px; }\n.dta-calculator .dta-table-card { margin-top: 16px; }\n.dta-calculator .dta-table-wrap { width: 100%; overflow-x: auto; border: 1px solid var(--border); border-radius: 6px; }\n.dta-calculator .dta-table { width: 100%; min-width: 680px; border-collapse: collapse; font-size: 14px; }\n.dta-calculator .dta-table th,\n.dta-calculator .dta-table td { padding: 11px 12px; border-bottom: 1px solid var(--border); text-align: left; vertical-align: top; }\n.dta-calculator .dta-table th { background: #0f172a; color: #ffffff; font-weight: 650; }\n.dta-calculator .dta-table td:nth-child(2),\n.dta-calculator .dta-table td:nth-child(3),\n.dta-calculator .dta-table th:nth-child(2),\n.dta-calculator .dta-table th:nth-child(3) { text-align: right; font-variant-numeric: tabular-nums; }\n.dta-calculator .dta-table tbody tr:last-child td { border-bottom: 0; }\n.dta-calculator .dta-table tbody tr:hover { background: #fafafa; }\n.dta-calculator .dta-table-note { margin-top: 16px; padding: 10px 12px; border: 1px solid var(--border); border-radius: 6px; background: var(--tint); color: var(--muted); font-size: 13px; font-weight: 500; }\n.dta-calculator .dta-safe-table-stack .dta-table-note { margin-top: 20px; }\n.dta-calculator .dta-education { margin-top: 24px; padding-top: 24px; border-top: 1px solid var(--border); }\n.dta-calculator .dta-education-content { max-width: 880px; }\n.dta-calculator .dta-education h2 { margin: 28px 0 8px; font-size: 20px; line-height: 1.35; font-weight: 700; }\n.dta-calculator .dta-education h2:first-child { margin-top: 0; }\n.dta-calculator .dta-education h3 { margin: 20px 0 6px; font-size: 17px; line-height: 1.4; font-weight: 650; }\n.dta-calculator .dta-education p { margin: 0 0 12px; color: #334155; }\n.dta-calculator .dta-education ul { margin: 0 0 12px; padding-left: 22px; color: #334155; }\n.dta-calculator .dta-education li { margin: 6px 0; }\n.dta-calculator .dta-education a { color: var(--primary); font-weight: 600; text-underline-offset: 2px; }\n.dta-calculator .dta-education a:hover { color: #1e40af; }\n.dta-calculator .dta-formula { padding: 12px 14px; border-left: 4px solid var(--primary); border-radius: 0 6px 6px 0; background: #eff6ff; font-weight: 650; font-variant-numeric: tabular-nums; }\n@container dta (min-width: 640px) {\n  .dta-calculator .dta-fields { grid-template-columns: repeat(2, minmax(0, 1fr)); }\n  .dta-calculator .dta-field-wide { grid-column: 1 \/ -1; }\n  .dta-calculator .dta-breakdown-grid { grid-template-columns: repeat(4, minmax(0, 1fr)); }\n  .dta-calculator .dta-chart-cluster { grid-template-columns: minmax(320px, 540px) max-content; }\n}\n@container dta (min-width: 900px) {\n  .dta-calculator .dta-header { grid-template-columns: minmax(0, 1fr) auto; align-items: start; }\n  .dta-calculator .dta-pills { justify-content: flex-end; }\n  .dta-calculator .dta-workspace { grid-template-columns: minmax(0, 1fr) minmax(340px, .82fr); }\n}\n@container dta (max-width: 639px) {\n  .dta-calculator .dta-shell { padding: 16px; }\n  .dta-calculator .dta-result-grid { grid-template-columns: 1fr; }\n  .dta-calculator .dta-chart-cluster { grid-template-columns: 1fr; gap: 16px; }\n  .dta-calculator .dta-chart-side { justify-items: center; }\n  .dta-calculator .dta-chart-caption { margin-top: 16px; }\n}\n@media (max-width: 639px) {\n  .dta-calculator .dta-shell { padding: 16px; }\n  .dta-calculator .dta-result-grid { grid-template-columns: 1fr; }\n}\n\u003c\/style\u003e\n\u003cdiv class=\"dta-calculator\" data-calculator-root\u003e\n  \u003cdiv class=\"dta-shell\"\u003e\n    \u003cheader class=\"dta-header\"\u003e\n      \u003cdiv class=\"dta-header-copy\"\u003e\n        \u003ch2 class=\"dta-title\"\u003eDebt-to-Asset Ratio Calculator\u003c\/h2\u003e\n        \u003cp class=\"dta-subtitle\"\u003eMeasure how much of a company’s asset base is financed by interest-bearing debt.\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"dta-pills\" aria-label=\"Live calculation summary\"\u003e\n        \u003cspan class=\"dta-pill\"\u003eDebt \u003cstrong class=\"dta-pill-debt\"\u003e$304.58M\u003c\/strong\u003e\u003c\/span\u003e\n        \u003cspan class=\"dta-pill\"\u003eAssets \u003cstrong class=\"dta-pill-assets\"\u003e$840.25M\u003c\/strong\u003e\u003c\/span\u003e\n        \u003cspan class=\"dta-pill\"\u003eRatio \u003cstrong class=\"dta-pill-ratio\"\u003e36.25%\u003c\/strong\u003e\u003c\/span\u003e\n        \u003cspan class=\"dta-pill\"\u003eEquity cushion \u003cstrong class=\"dta-pill-equity\"\u003e$535.67M\u003c\/strong\u003e\u003c\/span\u003e\n      \u003c\/div\u003e\n    \u003c\/header\u003e\n\n    \u003cdiv class=\"dta-toolbar\" aria-label=\"Calculator actions\"\u003e\n      \u003cbutton class=\"dta-button dta-download\" type=\"button\"\u003e\n        \u003csvg class=\"dta-download-icon\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"\u003e\n          \u003cpath d=\"M12 3v11m0 0 4-4m-4 4-4-4M5 18v2h14v-2\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\u003e\u003c\/path\u003e\n        \u003c\/svg\u003e\n        \u003cspan\u003eDownload Excel\u003c\/span\u003e\n      \u003c\/button\u003e\n      \u003cbutton class=\"dta-button dta-reset\" type=\"button\"\u003eReset\u003c\/button\u003e\n    \u003c\/div\u003e\n\n    \u003cdiv class=\"dta-workspace\"\u003e\n      \u003csection class=\"dta-panel\" aria-labelledby=\"dta-inputs-title\"\u003e\n        \u003cdiv class=\"dta-panel-inner\"\u003e\n          \u003ch3 class=\"dta-section-title\" id=\"dta-inputs-title\"\u003eBalance-sheet inputs\u003c\/h3\u003e\n          \u003cdiv class=\"dta-fields\"\u003e\n            \u003cdiv class=\"dta-field dta-field-wide\"\u003e\n              \u003clabel class=\"dta-label\" for=\"dta-scale\"\u003eDisplay units\u003c\/label\u003e\n              \u003cselect class=\"dta-control dta-scale\" id=\"dta-scale\"\u003e\n                \u003coption value=\"1\"\u003eUSD\u003c\/option\u003e\n                \u003coption value=\"1000\"\u003eUSD thousands\u003c\/option\u003e\n                \u003coption value=\"1000000\" selected\u003eUSD millions\u003c\/option\u003e\n              \u003c\/select\u003e\n              \u003cp class=\"dta-helper\"\u003eChanging units converts the entered values without changing their economic amount.\u003c\/p\u003e\n              \u003cp class=\"dta-error\"\u003eChoose a valid display unit.\u003c\/p\u003e\n            \u003c\/div\u003e\n            \u003cdiv class=\"dta-field\" data-field=\"longDebt\"\u003e\n              \u003clabel class=\"dta-label\" for=\"dta-long-debt\"\u003eLong-term debt\u003c\/label\u003e\n              \u003cinput class=\"dta-control dta-money\" id=\"dta-long-debt\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$250.00\" aria-describedby=\"dta-long-help dta-long-error\"\u003e\n              \u003cp class=\"dta-helper\" id=\"dta-long-help\"\u003eBorrowings due more than one year after the balance-sheet date.\u003c\/p\u003e\n              \u003cp class=\"dta-error\" id=\"dta-long-error\"\u003eEnter a non-negative number.\u003c\/p\u003e\n            \u003c\/div\u003e\n            \u003cdiv class=\"dta-field\" data-field=\"shortDebt\"\u003e\n              \u003clabel class=\"dta-label\" for=\"dta-short-debt\"\u003eShort-term debt\u003c\/label\u003e\n              \u003cinput class=\"dta-control dta-money\" id=\"dta-short-debt\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$54.58\" aria-describedby=\"dta-short-help dta-short-error\"\u003e\n              \u003cp class=\"dta-helper\" id=\"dta-short-help\"\u003eCurrent borrowings and the current portion of long-term debt.\u003c\/p\u003e\n              \u003cp class=\"dta-error\" id=\"dta-short-error\"\u003eEnter a non-negative number.\u003c\/p\u003e\n            \u003c\/div\u003e\n            \u003cdiv class=\"dta-field dta-field-wide\" data-field=\"assets\"\u003e\n              \u003clabel class=\"dta-label\" for=\"dta-assets\"\u003eTotal assets\u003c\/label\u003e\n              \u003cinput class=\"dta-control dta-money\" id=\"dta-assets\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$840.25\" aria-describedby=\"dta-assets-help dta-assets-error\"\u003e\n              \u003cp class=\"dta-helper\" id=\"dta-assets-help\"\u003eUse the total assets reported for the same date and reporting scope as the debt figures.\u003c\/p\u003e\n              \u003cp class=\"dta-error\" id=\"dta-assets-error\"\u003eEnter a number greater than zero to calculate the ratio.\u003c\/p\u003e\n            \u003c\/div\u003e\n          \u003c\/div\u003e\n        \u003c\/div\u003e\n      \u003c\/section\u003e\n\n      \u003csection class=\"dta-panel\" aria-labelledby=\"dta-results-title\"\u003e\n        \u003cdiv class=\"dta-panel-inner\"\u003e\n          \u003ch3 class=\"dta-section-title\" id=\"dta-results-title\"\u003eLive results\u003c\/h3\u003e\n          \u003cdiv class=\"dta-result-primary\"\u003e\n            \u003cspan class=\"dta-eyebrow\"\u003eDebt-to-asset ratio\u003c\/span\u003e\n            \u003cstrong class=\"dta-primary-value\"\u003e36.25%\u003c\/strong\u003e\n            \u003cspan class=\"dta-status\" data-level=\"moderate\"\u003eModerate leverage\u003c\/span\u003e\n            \u003cp class=\"dta-result-copy\"\u003eDebt finances about 36 cents of each dollar of reported assets.\u003c\/p\u003e\n          \u003c\/div\u003e\n          \u003cdiv class=\"dta-result-grid\"\u003e\n            \u003cdiv class=\"dta-result-card\"\u003e\n              \u003cspan class=\"dta-card-label\"\u003eTotal debt\u003c\/span\u003e\n              \u003cstrong class=\"dta-card-value dta-total-debt\"\u003e$304.58M\u003c\/strong\u003e\n            \u003c\/div\u003e\n            \u003cdiv class=\"dta-result-card\"\u003e\n              \u003cspan class=\"dta-card-label\"\u003eImplied equity cushion\u003c\/span\u003e\n              \u003cstrong class=\"dta-card-value dta-equity\"\u003e$535.67M\u003c\/strong\u003e\n            \u003c\/div\u003e\n            \u003cdiv class=\"dta-result-card\"\u003e\n              \u003cspan class=\"dta-card-label\"\u003eDebt above assets\u003c\/span\u003e\n              \u003cstrong class=\"dta-card-value dta-excess\"\u003e$0.00M\u003c\/strong\u003e\n            \u003c\/div\u003e\n            \u003cdiv class=\"dta-result-card\"\u003e\n              \u003cspan class=\"dta-card-label\"\u003eAssets per $1 of debt\u003c\/span\u003e\n              \u003cstrong class=\"dta-card-value dta-coverage\"\u003e$2.76\u003c\/strong\u003e\n            \u003c\/div\u003e\n          \u003c\/div\u003e\n          \u003cdiv class=\"dta-live\" aria-live=\"polite\" aria-atomic=\"true\"\u003e\u003c\/div\u003e\n        \u003c\/div\u003e\n      \u003c\/section\u003e\n    \u003c\/div\u003e\n\n    \u003csection class=\"dta-breakdown\" aria-labelledby=\"dta-breakdown-title\"\u003e\n      \u003ch3 class=\"dta-section-title\" id=\"dta-breakdown-title\"\u003eDebt composition\u003c\/h3\u003e\n      \u003cdiv class=\"dta-breakdown-grid\"\u003e\n        \u003cdiv class=\"dta-metric\"\u003e\n          \u003cspan class=\"dta-metric-name\"\u003eLong-term debt\u003c\/span\u003e\n          \u003cstrong class=\"dta-metric-value dta-long-value\"\u003e$250.00M\u003c\/strong\u003e\n          \u003cspan class=\"dta-metric-detail dta-long-share\"\u003e82.08% of total debt\u003c\/span\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dta-metric\"\u003e\n          \u003cspan class=\"dta-metric-name\"\u003eShort-term debt\u003c\/span\u003e\n          \u003cstrong class=\"dta-metric-value dta-short-value\"\u003e$54.58M\u003c\/strong\u003e\n          \u003cspan class=\"dta-metric-detail dta-short-share\"\u003e17.92% of total debt\u003c\/span\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dta-metric\"\u003e\n          \u003cspan class=\"dta-metric-name\"\u003eTotal debt\u003c\/span\u003e\n          \u003cstrong class=\"dta-metric-value dta-total-value\"\u003e$304.58M\u003c\/strong\u003e\n          \u003cspan class=\"dta-metric-detail dta-total-share\"\u003e36.25% of total assets\u003c\/span\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dta-metric\"\u003e\n          \u003cspan class=\"dta-metric-name\"\u003eEquity-funded assets\u003c\/span\u003e\n          \u003cstrong class=\"dta-metric-value dta-equity-funded\"\u003e$535.67M\u003c\/strong\u003e\n          \u003cspan class=\"dta-metric-detail dta-equity-share\"\u003e63.75% of total assets\u003c\/span\u003e\n        \u003c\/div\u003e\n      \u003c\/div\u003e\n    \u003c\/section\u003e\n\n    \u003csection class=\"dta-panel dta-chart-card\" data-chart-card aria-labelledby=\"dta-chart-title\"\u003e\n      \u003cdiv class=\"dta-panel-inner\"\u003e\n        \u003cdiv class=\"dta-chart-head\"\u003e\n          \u003ch3 class=\"dta-section-title\" id=\"dta-chart-title\"\u003eDebt compared with assets\u003c\/h3\u003e\n          \u003cp class=\"dta-chart-intro\"\u003eThe bars use the same current-state values shown in the calculator and exported workbook.\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dta-chart-empty\"\u003eEnter debt and asset values above to see the comparison.\u003c\/div\u003e\n        \u003cdiv class=\"dta-chart-cluster\"\u003e\n          \u003cdiv class=\"dta-plot-wrap\"\u003e\n            \u003csvg class=\"dta-svg\" role=\"img\" aria-labelledby=\"dta-svg-title dta-svg-desc\" viewbox=\"0 0 540 300\" preserveaspectratio=\"xMidYMid meet\"\u003e\n              \u003ctitle id=\"dta-svg-title\"\u003eTotal debt and total assets comparison chart\u003c\/title\u003e\n              \u003cdesc id=\"dta-svg-desc\"\u003eTotal debt is 304.58 million dollars and total assets are 840.25 million dollars.\u003c\/desc\u003e\n            \u003c\/svg\u003e\n          \u003c\/div\u003e\n          \u003cdiv class=\"dta-chart-side\"\u003e\n            \u003cdiv class=\"dta-legend\" aria-label=\"Chart legend\"\u003e\u003c\/div\u003e\n            \u003cdiv class=\"dta-chart-summary\" aria-label=\"Exact chart values\"\u003e\u003c\/div\u003e\n          \u003c\/div\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dta-chart-caption\"\u003eAssets currently exceed debt by $535.67M, leaving a positive balance-sheet cushion.\u003c\/div\u003e\n      \u003c\/div\u003e\n    \u003c\/section\u003e\n\n    \u003csection class=\"dta-panel dta-table-card\" data-table-card aria-labelledby=\"dta-table-title\"\u003e\n      \u003cdiv class=\"dta-panel-inner\"\u003e\n        \u003ch3 class=\"dta-section-title\" id=\"dta-table-title\"\u003eBalance-sheet ratio detail\u003c\/h3\u003e\n        \u003cdiv class=\"dta-table-wrap\"\u003e\n          \u003ctable class=\"dta-table\"\u003e\n            \u003cthead\u003e\n              \u003ctr\u003e\n                \u003cth scope=\"col\"\u003eMetric\u003c\/th\u003e\n                \u003cth scope=\"col\"\u003eAmount\u003c\/th\u003e\n                \u003cth scope=\"col\"\u003eShare of assets\u003c\/th\u003e\n                \u003cth scope=\"col\"\u003eInterpretation\u003c\/th\u003e\n              \u003c\/tr\u003e\n            \u003c\/thead\u003e\n            \u003ctbody class=\"dta-table-body\"\u003e\u003c\/tbody\u003e\n          \u003c\/table\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dta-table-note\"\u003eAll figures should come from the same balance-sheet date, currency, consolidation scope, and accounting basis. The ratio is a screening metric rather than a complete credit assessment.\u003c\/div\u003e\n      \u003c\/div\u003e\n    \u003c\/section\u003e\n\n    \u003csection class=\"dta-education\" aria-labelledby=\"dta-guide-title\"\u003e\n      \u003cdiv class=\"dta-education-content\"\u003e\n        \u003ch2 id=\"dta-guide-title\"\u003eWhat does the debt-to-asset ratio measure?\u003c\/h2\u003e\n        \u003cp\u003eThe debt-to-asset ratio estimates the percentage of a company’s reported assets financed by interest-bearing debt. It is a compact leverage indicator used in credit analysis, financial planning, lender discussions, and peer comparison. A result of 36.25% means that total debt equals roughly 36 cents for each dollar of assets. The remaining asset value is not automatically the same as book equity because a full balance sheet can include non-debt liabilities, but the calculator’s “equity cushion” gives a deliberately simple debt-versus-assets residual.\u003c\/p\u003e\n        \u003cp\u003eUse the metric as one signal within a broader review. Industry norms vary, asset quality differs, and a highly liquid asset base is not equivalent to a balance sheet dominated by goodwill or specialized equipment. The \u003ca href=\"https:\/\/www.sec.gov\/files\/reada10k.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eSEC’s guide to reading a Form 10-K\u003c\/a\u003e explains where audited balance sheets and their notes appear in public-company filings.\u003c\/p\u003e\n\n        \u003ch2\u003eHow do the inputs work?\u003c\/h2\u003e\n        \u003ch3\u003eDisplay units\u003c\/h3\u003e\n        \u003cp\u003eSelect USD, USD thousands, or USD millions. This setting changes how amounts are entered and displayed; it does not change the underlying economic values. For example, $2.5 in “USD millions” converts to $2,500 in “USD thousands.” Mixing units is a common error, so keep all three inputs in the same unit. The initial example uses millions.\u003c\/p\u003e\n        \u003ch3\u003eLong-term debt\u003c\/h3\u003e\n        \u003cp\u003eEnter borrowings due more than one year after the reporting date. Depending on the company, this may include term loans, notes, bonds, finance lease obligations, or other funded debt classified as non-current. Use a non-negative amount. Increasing long-term debt raises total debt and the ratio when assets stay constant.\u003c\/p\u003e\n        \u003ch3\u003eShort-term debt\u003c\/h3\u003e\n        \u003cp\u003eEnter interest-bearing obligations due within one year, including short-term borrowings and the current portion of long-term debt. Do not automatically substitute all current liabilities: accounts payable, accrued expenses, deferred revenue, and tax liabilities may not meet the calculator’s debt definition. Higher short-term debt increases both total debt and near-term refinancing pressure.\u003c\/p\u003e\n        \u003ch3\u003eTotal assets\u003c\/h3\u003e\n        \u003cp\u003eEnter total assets from the same balance sheet and reporting date. Assets must be greater than zero for a meaningful percentage. If consolidated debt is used, use consolidated assets too. The \u003ca href=\"https:\/\/www.sba.gov\/blog\/5-things-know-about-your-balance-sheet\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eU.S. Small Business Administration’s balance-sheet overview\u003c\/a\u003e provides a practical explanation of assets, liabilities, equity, and debt ratios.\u003c\/p\u003e\n\n        \u003ch2\u003eHow is the ratio calculated?\u003c\/h2\u003e\n        \u003cp class=\"dta-formula\"\u003eDebt-to-asset ratio = (long-term debt + short-term debt) ÷ total assets × 100%\u003c\/p\u003e\n        \u003cp\u003eThe calculator first adds long-term and short-term debt. It then divides that total by assets and expresses the result as a percentage. The model retains full precision internally and rounds only the displayed values. When assets are zero or missing, the ratio is left unavailable rather than showing an infinite or misleading result.\u003c\/p\u003e\n\n        \u003ch2\u003eHow should each result be interpreted?\u003c\/h2\u003e\n        \u003cp\u003e\u003cstrong\u003eDebt-to-asset ratio\u003c\/strong\u003e is the primary output. A lower result generally indicates less debt financing and a larger asset buffer, while a higher result indicates greater leverage. The status labels are broad screening bands, not universal lending rules: below 30% is shown as lower leverage, 30% to below 50% as moderate, 50% to below 70% as elevated, and 70% or more as high. Above 100%, debt exceeds reported assets under this simplified comparison.\u003c\/p\u003e\n        \u003cp\u003e\u003cstrong\u003eTotal debt\u003c\/strong\u003e is the sum of the two debt inputs. \u003cstrong\u003eImplied equity cushion\u003c\/strong\u003e equals assets minus debt and can be negative. \u003cstrong\u003eDebt above assets\u003c\/strong\u003e appears only when total debt exceeds assets. \u003cstrong\u003eAssets per $1 of debt\u003c\/strong\u003e is the inverse coverage view: assets divided by debt. A value of $2.76 means the company reports $2.76 of assets for every $1.00 of debt.\u003c\/p\u003e\n        \u003cp\u003eThe debt-composition cards show how much of total debt is long term versus short term, plus debt and residual funding as percentages of assets. The chart compares total debt and assets using identical source values. The table cross-checks the amounts, shares, and interpretation in one place. A zero debt balance produces a 0% ratio and no assets-per-dollar-of-debt figure because division by zero is undefined.\u003c\/p\u003e\n\n        \u003ch2\u003eWhat changes the ratio most?\u003c\/h2\u003e\n        \u003cul\u003e\n          \u003cli\u003eBorrowing more without adding assets increases the ratio.\u003c\/li\u003e\n          \u003cli\u003eUsing new debt to acquire an equal amount of assets usually increases the ratio less dramatically because both numerator and denominator rise.\u003c\/li\u003e\n          \u003cli\u003eDebt repayment reduces the ratio if assets are otherwise unchanged.\u003c\/li\u003e\n          \u003cli\u003eAsset impairments, write-downs, or disposals can increase the ratio even with no new borrowing.\u003c\/li\u003e\n          \u003cli\u003eEquity-funded asset growth can reduce the ratio by expanding the asset base without increasing debt.\u003c\/li\u003e\n        \u003c\/ul\u003e\n        \u003cp\u003eFor operating decisions, compare the ratio over several reporting periods and against similar businesses. The SBA’s \u003ca href=\"https:\/\/www.sba.gov\/business-guide\/manage-your-business\/manage-your-finances\" target=\"_blank\" rel=\"noopener noreferrer\"\u003efinancial-management guidance\u003c\/a\u003e emphasizes using balance sheets alongside income and cash-flow information. Public-company users can also consult the \u003ca href=\"https:\/\/www.sec.gov\/resources-small-businesses\/glossary\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eSEC financial glossary\u003c\/a\u003e for standard statement terminology.\u003c\/p\u003e\n\n        \u003ch2\u003eWhat are the main limitations and common mistakes?\u003c\/h2\u003e\n        \u003cp\u003eThe ratio does not measure whether cash flow can service interest and principal, nor does it distinguish secured from unsecured debt, fixed from floating rates, or near-term from distant maturities. Book assets may differ materially from realizable value. Two companies with identical ratios can therefore have very different credit risk.\u003c\/p\u003e\n        \u003cp\u003eCommon mistakes include mixing quarterly and annual figures, combining parent-only debt with consolidated assets, entering liabilities instead of interest-bearing debt, forgetting the current portion of long-term borrowings, and comparing companies that apply different accounting policies. Always read the notes to the financial statements, reconcile the debt definition, and pair this ratio with liquidity, interest-coverage, cash-flow, and profitability measures. This calculator is educational and does not provide personalized investment, lending, accounting, legal, or tax advice.\u003c\/p\u003e\n      \u003c\/div\u003e\n    \u003c\/section\u003e\n  \u003c\/div\u003e\n\u003c\/div\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49909487993075,"sku":"debt-to-asset","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/debt-to-asset.webp?v=1783935542","url":"https:\/\/financialmodelslab.com\/products\/debt-to-asset","provider":"Financial Models Lab","version":"1.0","type":"link"}