{"product_id":"debt-to-capital","title":"Debt-to-Capital Ratio Calculator","description":"\u003cstyle\u003e\n.dtc-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  container-name: dtc;\n  container-type: inline-size;\n  width: 100%;\n  max-width: 1200px;\n  margin: 0 auto;\n  color: var(--ink);\n  background: var(--tint);\n  border: 1px solid var(--border);\n  border-radius: 8px;\n  padding: 24px;\n  font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Helvetica, Arial, sans-serif;\n  font-size: 15px;\n  line-height: 1.55;\n  box-shadow: 0 1px 2px rgba(15,23,42,.06);\n}\n.dtc-calculator,\n.dtc-calculator *,\n.dtc-calculator *::before,\n.dtc-calculator *::after {\n  box-sizing: border-box;\n}\n.dtc-calculator h2,\n.dtc-calculator h3,\n.dtc-calculator p {\n  margin-top: 0;\n}\n.dtc-calculator h2 {\n  margin-bottom: 8px;\n  font-size: 24px;\n  line-height: 1.25;\n  font-weight: 700;\n  letter-spacing: -.01em;\n}\n.dtc-calculator h3 {\n  margin-bottom: 12px;\n  font-size: 18px;\n  line-height: 1.35;\n  font-weight: 650;\n}\n.dtc-calculator p:last-child {\n  margin-bottom: 0;\n}\n.dtc-header,\n.dtc-toolbar,\n.dtc-workspace,\n.dtc-chart-card,\n.dtc-table-card,\n.dtc-education,\n.dtc-panel,\n.dtc-field,\n.dtc-result-row,\n.dtc-chart-cluster,\n.dtc-chart-visual,\n.dtc-chart-side,\n.dtc-legend,\n.dtc-legend-row,\n.dtc-table-wrap,\n.dtc-unit-options,\n.dtc-unit-option,\n.dtc-summary-pills,\n.dtc-summary-pill,\n.dtc-form-grid,\n.dtc-primary-result,\n.dtc-note,\n.dtc-chart-caption,\n.dtc-table-note,\n.dtc-formula,\n.dtc-education-grid,\n.dtc-education-section {\n  min-width: 0;\n}\n.dtc-header {\n  margin-bottom: 16px;\n}\n.dtc-subtitle {\n  max-width: 760px;\n  margin-bottom: 12px;\n  color: var(--muted);\n}\n.dtc-summary-pills {\n  display: flex;\n  flex-wrap: wrap;\n  gap: 8px;\n}\n.dtc-summary-pill {\n  display: inline-flex;\n  align-items: center;\n  gap: 6px;\n  min-height: 32px;\n  padding: 6px 10px;\n  border: 1px solid var(--border);\n  border-radius: 999px;\n  background: var(--surface);\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n  white-space: nowrap;\n}\n.dtc-summary-pill strong {\n  color: var(--ink);\n  font-variant-numeric: tabular-nums;\n}\n.dtc-toolbar {\n  display: flex;\n  flex-wrap: wrap;\n  align-items: center;\n  gap: 8px;\n  margin-bottom: 16px;\n}\n.dtc-button {\n  display: inline-flex;\n  align-items: center;\n  justify-content: center;\n  gap: 10px;\n  min-height: 46px;\n  border: 1px solid transparent;\n  border-radius: 6px;\n  padding: 12px 18px;\n  font: inherit;\n  font-size: 15px;\n  font-weight: 650;\n  line-height: 1;\n  cursor: pointer;\n  text-decoration: none;\n  transition: background-color .15s ease, border-color .15s ease, box-shadow .15s ease, transform .15s ease;\n}\n.dtc-button:hover {\n  box-shadow: 0 2px 5px rgba(15,23,42,.12);\n}\n.dtc-button:active {\n  transform: translateY(1px);\n}\n.dtc-button:focus-visible,\n.dtc-input:focus-visible,\n.dtc-unit-input:focus-visible + .dtc-unit-label,\n.dtc-link:focus-visible {\n  outline: 3px solid rgba(29,78,216,.32);\n  outline-offset: 2px;\n}\n.dtc-download {\n  color: #ffffff;\n  background: var(--accent);\n  border-color: var(--accent);\n  white-space: nowrap;\n}\n.dtc-download:hover {\n  background: var(--accent-hover);\n  border-color: var(--accent-hover);\n}\n.dtc-reset {\n  color: var(--ink);\n  background: var(--surface);\n  border-color: #cbd5e1;\n}\n.dtc-reset:hover {\n  background: #f1f5f9;\n  border-color: #94a3b8;\n}\n.dtc-workspace {\n  display: grid;\n  grid-template-columns: minmax(0, 1fr);\n  gap: 16px;\n  margin-bottom: 16px;\n}\n.dtc-panel,\n.dtc-chart-card,\n.dtc-table-card,\n.dtc-education {\n  background: var(--surface);\n  border: 1px solid var(--border);\n  border-radius: 8px;\n  box-shadow: 0 1px 2px rgba(15,23,42,.04);\n}\n.dtc-panel {\n  padding: 20px;\n}\n.dtc-section-kicker {\n  margin-bottom: 4px;\n  color: var(--primary);\n  font-size: 13px;\n  font-weight: 700;\n  letter-spacing: .04em;\n  text-transform: uppercase;\n}\n.dtc-form-grid {\n  display: grid;\n  grid-template-columns: repeat(auto-fit, minmax(220px, 1fr));\n  gap: 16px;\n}\n.dtc-field {\n  display: flex;\n  flex-direction: column;\n}\n.dtc-label,\n.dtc-unit-legend {\n  display: block;\n  margin-bottom: 6px;\n  color: var(--ink);\n  font-size: 14px;\n  font-weight: 600;\n}\n.dtc-input {\n  width: 100%;\n  min-height: 44px;\n  border: 1px solid #cbd5e1;\n  border-radius: 6px;\n  padding: 10px 12px;\n  color: var(--ink);\n  background: var(--surface);\n  font: inherit;\n  font-size: 15px;\n  font-variant-numeric: tabular-nums;\n}\n.dtc-input:hover {\n  border-color: #94a3b8;\n}\n.dtc-input[aria-invalid=\"true\"] {\n  border-color: #b91c1c;\n}\n.dtc-helper,\n.dtc-error {\n  display: block;\n  min-height: 38px;\n  padding-top: 6px;\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n  line-height: 1.45;\n}\n.dtc-error {\n  min-height: 26px;\n  color: #991b1b;\n}\n.dtc-unit-fieldset {\n  margin: 16px 0 0;\n  padding: 0;\n  border: 0;\n}\n.dtc-unit-options {\n  display: flex;\n  flex-wrap: wrap;\n  gap: 8px;\n}\n.dtc-unit-option {\n  position: relative;\n}\n.dtc-unit-input {\n  position: absolute;\n  inline-size: 1px;\n  block-size: 1px;\n  opacity: 0;\n}\n.dtc-unit-label {\n  display: inline-flex;\n  align-items: center;\n  justify-content: center;\n  min-height: 40px;\n  padding: 8px 12px;\n  border: 1px solid #cbd5e1;\n  border-radius: 6px;\n  color: var(--ink);\n  background: var(--surface);\n  font-size: 13px;\n  font-weight: 650;\n  cursor: pointer;\n}\n.dtc-unit-input:checked + .dtc-unit-label {\n  color: #ffffff;\n  background: var(--primary);\n  border-color: var(--primary);\n}\n.dtc-primary-result {\n  padding: 16px;\n  border-left: 4px solid var(--primary);\n  border-radius: 6px;\n  background: #eff6ff;\n}\n.dtc-primary-label {\n  margin-bottom: 4px;\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 600;\n}\n.dtc-primary-value {\n  margin-bottom: 2px;\n  font-size: 30px;\n  line-height: 1.15;\n  font-weight: 700;\n  letter-spacing: -.02em;\n  font-variant-numeric: tabular-nums;\n  overflow-wrap: anywhere;\n}\n.dtc-primary-detail {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n}\n.dtc-result-list {\n  margin-top: 12px;\n  border-top: 1px solid var(--border);\n}\n.dtc-result-row {\n  display: grid;\n  grid-template-columns: minmax(130px, 1fr) minmax(0, auto);\n  align-items: start;\n  column-gap: 16px;\n  row-gap: 4px;\n  padding: 12px 0;\n  border-bottom: 1px solid var(--border);\n}\n.dtc-result-row:last-child {\n  border-bottom: 0;\n  padding-bottom: 0;\n}\n.dtc-result-name {\n  color: var(--muted);\n  font-size: 14px;\n  font-weight: 600;\n}\n.dtc-result-value {\n  color: var(--ink);\n  font-size: 20px;\n  line-height: 1.25;\n  font-weight: 700;\n  text-align: right;\n  font-variant-numeric: tabular-nums;\n  overflow-wrap: anywhere;\n}\n.dtc-result-explain {\n  grid-column: 1 \/ -1;\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n}\n.dtc-note {\n  margin-top: 16px;\n  padding: 10px 12px;\n  border: 1px solid #bfdbfe;\n  border-radius: 6px;\n  background: #f8fbff;\n  color: #334155;\n  font-size: 13px;\n  font-weight: 500;\n}\n.dtc-chart-card,\n.dtc-table-card {\n  margin-bottom: 16px;\n  padding: 20px;\n}\n.dtc-chart-heading,\n.dtc-table-heading {\n  margin-bottom: 4px;\n}\n.dtc-chart-intro,\n.dtc-table-intro {\n  margin-bottom: 16px;\n  color: var(--muted);\n}\n.dtc-chart-cluster {\n  display: grid;\n  grid-template-columns: minmax(0, 1fr);\n  justify-content: center;\n  align-items: center;\n  gap: 20px;\n  max-width: 760px;\n  margin: 0 auto;\n}\n.dtc-chart-visual {\n  display: grid;\n  place-items: center;\n  width: min(100%, 320px);\n  margin: 0 auto;\n}\n.dtc-chart-svg {\n  display: block;\n  width: 100%;\n  max-width: 300px;\n  height: auto;\n  aspect-ratio: 1;\n  overflow: visible;\n}\n.dtc-chart-empty {\n  display: none;\n  width: 100%;\n  max-width: 420px;\n  margin: 0 auto;\n  padding: 16px;\n  border: 1px dashed #94a3b8;\n  border-radius: 6px;\n  color: var(--muted);\n  background: var(--tint);\n  text-align: center;\n  font-size: 13px;\n  font-weight: 600;\n}\n.dtc-chart-side {\n  display: grid;\n  gap: 12px;\n  align-content: center;\n}\n.dtc-chart-total {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 600;\n}\n.dtc-chart-total strong {\n  display: block;\n  margin-top: 2px;\n  color: var(--ink);\n  font-size: 20px;\n  font-weight: 700;\n  font-variant-numeric: tabular-nums;\n  overflow-wrap: anywhere;\n}\n.dtc-legend {\n  display: grid;\n  gap: 10px;\n}\n.dtc-legend-row {\n  display: grid;\n  grid-template-columns: 14px minmax(90px, auto) auto auto;\n  align-items: center;\n  justify-content: start;\n  gap: 8px 12px;\n  font-size: 13px;\n  font-weight: 500;\n}\n.dtc-legend-swatch {\n  width: 12px;\n  height: 12px;\n  border-radius: 3px;\n}\n.dtc-legend-name {\n  color: var(--ink);\n  font-weight: 650;\n}\n.dtc-legend-value,\n.dtc-legend-percent {\n  color: var(--muted);\n  font-variant-numeric: tabular-nums;\n  white-space: nowrap;\n}\n.dtc-chart-caption {\n  margin-top: 16px;\n  padding: 10px 12px;\n  border: 1px solid var(--border);\n  border-radius: 6px;\n  background: var(--tint);\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n}\n.dtc-safe-stack .dtc-chart-cluster {\n  grid-template-columns: minmax(0, 1fr);\n  gap: 24px;\n}\n.dtc-safe-stack .dtc-chart-side {\n  width: min(100%, 460px);\n  margin: 0 auto;\n}\n.dtc-safe-stack .dtc-chart-caption {\n  margin-top: 20px;\n}\n.dtc-table-wrap {\n  width: 100%;\n  overflow-x: auto;\n  overflow-y: visible;\n  border: 1px solid var(--border);\n  border-radius: 6px;\n  background: var(--surface);\n}\n.dtc-table {\n  width: 100%;\n  min-width: 650px;\n  border-collapse: collapse;\n  font-size: 14px;\n}\n.dtc-table th,\n.dtc-table td {\n  padding: 11px 12px;\n  border-bottom: 1px solid var(--border);\n  text-align: left;\n  vertical-align: top;\n}\n.dtc-table th {\n  color: #ffffff;\n  background: #1e293b;\n  font-size: 13px;\n  font-weight: 700;\n}\n.dtc-table td {\n  color: var(--ink);\n  background: var(--surface);\n}\n.dtc-table tbody tr:hover td {\n  background: #f8fafc;\n}\n.dtc-table tbody tr:last-child td {\n  border-bottom: 0;\n}\n.dtc-table .dtc-number {\n  text-align: right;\n  font-variant-numeric: tabular-nums;\n  white-space: nowrap;\n}\n.dtc-table-note {\n  margin-top: 16px;\n  padding: 10px 12px;\n  border: 1px solid var(--border);\n  border-radius: 6px;\n  background: var(--tint);\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 500;\n}\n.dtc-safe-table-stack .dtc-table-note {\n  margin-top: 20px;\n}\n.dtc-education {\n  padding: 24px;\n}\n.dtc-education-grid {\n  display: grid;\n  grid-template-columns: minmax(0, 1fr);\n  gap: 24px;\n}\n.dtc-education-section {\n  border-top: 1px solid var(--border);\n  padding-top: 20px;\n}\n.dtc-education-section:first-child {\n  border-top: 0;\n  padding-top: 0;\n}\n.dtc-education ul {\n  margin: 0;\n  padding-left: 20px;\n}\n.dtc-education li + li {\n  margin-top: 8px;\n}\n.dtc-formula {\n  margin: 12px 0 16px;\n  padding: 12px;\n  border: 1px solid #bfdbfe;\n  border-radius: 6px;\n  background: #eff6ff;\n  color: #172554;\n  font-size: 15px;\n  font-weight: 650;\n  text-align: center;\n  font-variant-numeric: tabular-nums;\n  overflow-wrap: anywhere;\n}\n.dtc-link {\n  color: var(--primary);\n  font-weight: 600;\n  text-decoration: underline;\n  text-underline-offset: 2px;\n}\n.dtc-link:hover {\n  color: #1e3a8a;\n}\n.dtc-visually-hidden {\n  position: absolute;\n  width: 1px;\n  height: 1px;\n  padding: 0;\n  margin: -1px;\n  overflow: hidden;\n  clip: rect(0, 0, 0, 0);\n  white-space: nowrap;\n  border: 0;\n}\n@container dtc (min-width: 640px) {\n  .dtc-chart-cluster {\n    grid-template-columns: minmax(240px, 300px) minmax(220px, auto);\n    gap: 24px;\n  }\n}\n@container dtc (min-width: 900px) {\n  .dtc-workspace {\n    grid-template-columns: minmax(0, 1fr) minmax(0, 1fr);\n  }\n}\n@media (max-width: 639px) {\n  .dtc-calculator {\n    padding: 16px;\n  }\n  .dtc-panel,\n  .dtc-chart-card,\n  .dtc-table-card,\n  .dtc-education {\n    padding: 16px;\n  }\n  .dtc-toolbar .dtc-button {\n    flex: 1 1 100%;\n  }\n  .dtc-result-row {\n    grid-template-columns: minmax(0, 1fr);\n  }\n  .dtc-result-value {\n    text-align: left;\n  }\n  .dtc-legend-row {\n    grid-template-columns: 14px minmax(90px, auto) auto;\n  }\n  .dtc-legend-percent {\n    grid-column: 2 \/ -1;\n  }\n  .dtc-chart-caption,\n  .dtc-table-note {\n    margin-top: 16px;\n  }\n}\n@media (max-width: 359px) {\n  .dtc-calculator {\n    padding: 12px;\n  }\n  .dtc-panel,\n  .dtc-chart-card,\n  .dtc-table-card,\n  .dtc-education {\n    padding: 12px;\n  }\n  .dtc-unit-label {\n    padding-inline: 9px;\n  }\n  .dtc-chart-caption,\n  .dtc-table-note {\n    margin-top: 12px;\n  }\n}\n\u003c\/style\u003e\n\u003cdiv class=\"dtc-calculator\" data-calculator-root\u003e\n  \u003cheader class=\"dtc-header\"\u003e\n    \u003ch2\u003eDebt-to-Capital Ratio Calculator\u003c\/h2\u003e\n    \u003cp class=\"dtc-subtitle\"\u003eMeasure how much of a company’s permanent capital is funded by interest-bearing debt, then compare the debt and equity mix in one live view.\u003c\/p\u003e\n    \u003cdiv class=\"dtc-summary-pills\" aria-label=\"Live calculation summary\"\u003e\n      \u003cspan class=\"dtc-summary-pill\"\u003eDebt share \u003cstrong data-dtc-pill=\"debt-share\"\u003e40.36%\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"dtc-summary-pill\"\u003eEquity share \u003cstrong data-dtc-pill=\"equity-share\"\u003e59.64%\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"dtc-summary-pill\"\u003eTotal capital \u003cstrong data-dtc-pill=\"total-capital\"\u003e$23.06B\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"dtc-summary-pill\"\u003eDecimal ratio \u003cstrong data-dtc-pill=\"decimal-ratio\"\u003e0.4036\u003c\/strong\u003e\u003c\/span\u003e\n    \u003c\/div\u003e\n  \u003c\/header\u003e\n\n  \u003cdiv class=\"dtc-toolbar\" aria-label=\"Calculator actions\"\u003e\n    \u003cbutton class=\"dtc-button dtc-download\" type=\"button\" data-dtc-action=\"download\"\u003e\n      \u003csvg width=\"18\" height=\"18\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"\u003e\n        \u003cpath d=\"M12 3v11m0 0 4-4m-4 4-4-4M5 17v3h14v-3\" 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=\"dtc-button dtc-reset\" type=\"button\" data-dtc-action=\"reset\"\u003eReset\u003c\/button\u003e\n  \u003c\/div\u003e\n\n  \u003cdiv class=\"dtc-workspace\"\u003e\n    \u003csection class=\"dtc-panel\" aria-labelledby=\"dtc-inputs-heading\"\u003e\n      \u003cp class=\"dtc-section-kicker\"\u003eInputs\u003c\/p\u003e\n      \u003ch3 id=\"dtc-inputs-heading\"\u003eCapital structure\u003c\/h3\u003e\n      \u003cdiv class=\"dtc-form-grid\"\u003e\n        \u003cdiv class=\"dtc-field\"\u003e\n          \u003clabel class=\"dtc-label\" for=\"dtc-debt\"\u003eInterest-bearing debt\u003c\/label\u003e\n          \u003cinput class=\"dtc-input\" id=\"dtc-debt\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$9,306.00\" aria-describedby=\"dtc-debt-help dtc-debt-error\"\u003e\n          \u003cspan class=\"dtc-helper\" id=\"dtc-debt-help\"\u003eInclude loans, bonds, finance leases, overdrafts, and other obligations that accrue interest.\u003c\/span\u003e\n          \u003cspan class=\"dtc-error\" id=\"dtc-debt-error\" data-dtc-error=\"debt\" aria-live=\"polite\"\u003e\u003c\/span\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dtc-field\"\u003e\n          \u003clabel class=\"dtc-label\" for=\"dtc-equity\"\u003eShareholders’ equity\u003c\/label\u003e\n          \u003cinput class=\"dtc-input\" id=\"dtc-equity\" type=\"text\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$13,754.00\" aria-describedby=\"dtc-equity-help dtc-equity-error\"\u003e\n          \u003cspan class=\"dtc-helper\" id=\"dtc-equity-help\"\u003eUse total equity attributable to owners plus relevant preferred and non-controlling interests.\u003c\/span\u003e\n          \u003cspan class=\"dtc-error\" id=\"dtc-equity-error\" data-dtc-error=\"equity\" aria-live=\"polite\"\u003e\u003c\/span\u003e\n        \u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cfieldset class=\"dtc-unit-fieldset\"\u003e\n        \u003clegend class=\"dtc-unit-legend\"\u003eInput scale\u003c\/legend\u003e\n        \u003cdiv class=\"dtc-unit-options\"\u003e\n          \u003cdiv class=\"dtc-unit-option\"\u003e\n            \u003cinput class=\"dtc-unit-input\" id=\"dtc-unit-usd\" name=\"dtc-unit\" type=\"radio\" value=\"usd\"\u003e\n            \u003clabel class=\"dtc-unit-label\" for=\"dtc-unit-usd\"\u003eUSD\u003c\/label\u003e\n          \u003c\/div\u003e\n          \u003cdiv class=\"dtc-unit-option\"\u003e\n            \u003cinput class=\"dtc-unit-input\" id=\"dtc-unit-thousands\" name=\"dtc-unit\" type=\"radio\" value=\"thousands\"\u003e\n            \u003clabel class=\"dtc-unit-label\" for=\"dtc-unit-thousands\"\u003eUSD thousands\u003c\/label\u003e\n          \u003c\/div\u003e\n          \u003cdiv class=\"dtc-unit-option\"\u003e\n            \u003cinput class=\"dtc-unit-input\" id=\"dtc-unit-millions\" name=\"dtc-unit\" type=\"radio\" value=\"millions\" checked\u003e\n            \u003clabel class=\"dtc-unit-label\" for=\"dtc-unit-millions\"\u003eUSD millions\u003c\/label\u003e\n          \u003c\/div\u003e\n        \u003c\/div\u003e\n        \u003cspan class=\"dtc-helper\"\u003eChanging the scale converts the current values instead of only relabeling them.\u003c\/span\u003e\n      \u003c\/fieldset\u003e\n    \u003c\/section\u003e\n\n    \u003csection class=\"dtc-panel\" aria-labelledby=\"dtc-results-heading\"\u003e\n      \u003cp class=\"dtc-section-kicker\"\u003eLive results\u003c\/p\u003e\n      \u003ch3 id=\"dtc-results-heading\"\u003eLeverage snapshot\u003c\/h3\u003e\n      \u003cdiv class=\"dtc-primary-result\" aria-live=\"polite\" aria-atomic=\"true\"\u003e\n        \u003cdiv class=\"dtc-primary-label\"\u003eDebt-to-capital ratio\u003c\/div\u003e\n        \u003cdiv class=\"dtc-primary-value\" data-dtc-result=\"ratio\"\u003e40.36%\u003c\/div\u003e\n        \u003cdiv class=\"dtc-primary-detail\" data-dtc-result=\"interpretation\"\u003eDebt supplies about 40 cents of every dollar of permanent capital.\u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"dtc-result-list\"\u003e\n        \u003cdiv class=\"dtc-result-row\"\u003e\n          \u003cspan class=\"dtc-result-name\"\u003eTotal capital\u003c\/span\u003e\n          \u003cstrong class=\"dtc-result-value\" data-dtc-result=\"total\"\u003e$23.06B\u003c\/strong\u003e\n          \u003cspan class=\"dtc-result-explain\"\u003eInterest-bearing debt plus shareholders’ equity.\u003c\/span\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dtc-result-row\"\u003e\n          \u003cspan class=\"dtc-result-name\"\u003eEquity-to-capital share\u003c\/span\u003e\n          \u003cstrong class=\"dtc-result-value\" data-dtc-result=\"equity-share\"\u003e59.64%\u003c\/strong\u003e\n          \u003cspan class=\"dtc-result-explain\"\u003eThe portion of capital supplied by shareholders and related equity interests.\u003c\/span\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dtc-result-row\"\u003e\n          \u003cspan class=\"dtc-result-name\"\u003eDebt-to-equity ratio\u003c\/span\u003e\n          \u003cstrong class=\"dtc-result-value\" data-dtc-result=\"debt-equity\"\u003e67.66%\u003c\/strong\u003e\n          \u003cspan class=\"dtc-result-explain\"\u003eDebt relative to equity; shown as a supporting comparison, not a substitute for the main ratio.\u003c\/span\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"dtc-result-row\"\u003e\n          \u003cspan class=\"dtc-result-name\"\u003eCapital cushion\u003c\/span\u003e\n          \u003cstrong class=\"dtc-result-value\" data-dtc-result=\"cushion\"\u003e$4.45B\u003c\/strong\u003e\n          \u003cspan class=\"dtc-result-explain\"\u003eEquity minus debt. A negative value means debt exceeds book equity.\u003c\/span\u003e\n        \u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"dtc-note\" data-dtc-result=\"note\"\u003eA 40.36% ratio indicates that equity remains the larger source of capital in this example. Industry norms and debt-servicing capacity still matter.\u003c\/div\u003e\n    \u003c\/section\u003e\n  \u003c\/div\u003e\n\n  \u003csection class=\"dtc-chart-card\" data-dtc-chart-card aria-labelledby=\"dtc-chart-heading\"\u003e\n    \u003ch3 class=\"dtc-chart-heading\" id=\"dtc-chart-heading\"\u003eCapital funding mix\u003c\/h3\u003e\n    \u003cp class=\"dtc-chart-intro\" data-dtc-chart-intro\u003eThe chart compares the current dollar contribution of debt and equity to total capital.\u003c\/p\u003e\n    \u003cdiv class=\"dtc-chart-cluster\"\u003e\n      \u003cdiv class=\"dtc-chart-visual\" data-dtc-chart-visual\u003e\n        \u003csvg class=\"dtc-chart-svg\" data-dtc-chart-svg viewbox=\"0 0 280 280\" role=\"img\" aria-labelledby=\"dtc-chart-svg-title dtc-chart-svg-desc\"\u003e\n          \u003ctitle id=\"dtc-chart-svg-title\"\u003eDebt and equity share of total capital\u003c\/title\u003e\n          \u003cdesc id=\"dtc-chart-svg-desc\" data-dtc-chart-desc\u003eDebt represents 40.36 percent and equity represents 59.64 percent of total capital.\u003c\/desc\u003e\n          \u003cg data-dtc-chart-marks\u003e\u003c\/g\u003e\n          \u003ctext x=\"140\" y=\"132\" text-anchor=\"middle\" fill=\"#475569\" font-size=\"13\" font-weight=\"600\"\u003eDebt share\u003c\/text\u003e\n          \u003ctext x=\"140\" y=\"160\" text-anchor=\"middle\" fill=\"#0f172a\" font-size=\"24\" font-weight=\"700\" data-dtc-chart-center\u003e40.36%\u003c\/text\u003e\n        \u003c\/svg\u003e\n        \u003cdiv class=\"dtc-chart-empty\" data-dtc-chart-empty role=\"status\"\u003eEnter debt or equity values above to see the capital mix.\u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"dtc-chart-side\"\u003e\n        \u003cdiv class=\"dtc-chart-total\"\u003eTotal capital\u003cstrong data-dtc-chart-total\u003e$23.06B\u003c\/strong\u003e\n\u003c\/div\u003e\n        \u003cdiv class=\"dtc-legend\" data-dtc-legend aria-label=\"Chart legend\"\u003e\u003c\/div\u003e\n      \u003c\/div\u003e\n    \u003c\/div\u003e\n    \u003cdiv class=\"dtc-chart-caption\" data-dtc-chart-caption\u003eEquity is the larger funding source by $4.45B, representing 59.64% of the current capital base.\u003c\/div\u003e\n  \u003c\/section\u003e\n\n  \u003csection class=\"dtc-table-card\" data-dtc-table-card aria-labelledby=\"dtc-table-heading\"\u003e\n    \u003ch3 class=\"dtc-table-heading\" id=\"dtc-table-heading\"\u003eCapital structure detail\u003c\/h3\u003e\n    \u003cp class=\"dtc-table-intro\"\u003eAmounts, shares, and formula roles are generated from the same live model used by the results and chart.\u003c\/p\u003e\n    \u003cdiv class=\"dtc-table-wrap\" data-dtc-table-wrap tabindex=\"0\" aria-label=\"Scrollable capital structure table\"\u003e\n      \u003ctable class=\"dtc-table\"\u003e\n        \u003cthead\u003e\n          \u003ctr\u003e\n            \u003cth scope=\"col\"\u003eComponent\u003c\/th\u003e\n            \u003cth scope=\"col\" class=\"dtc-number\"\u003eAmount\u003c\/th\u003e\n            \u003cth scope=\"col\" class=\"dtc-number\"\u003eShare of capital\u003c\/th\u003e\n            \u003cth scope=\"col\"\u003eUse in calculation\u003c\/th\u003e\n          \u003c\/tr\u003e\n        \u003c\/thead\u003e\n        \u003ctbody data-dtc-table-body\u003e\u003c\/tbody\u003e\n      \u003c\/table\u003e\n    \u003c\/div\u003e\n    \u003cdiv class=\"dtc-table-note\" data-dtc-table-note\u003eBook values provide a point-in-time capital structure measure. For credit analysis, pair this ratio with interest coverage, cash flow, debt maturity, and liquidity information.\u003c\/div\u003e\n  \u003c\/section\u003e\n\n  \u003csection class=\"dtc-education\" aria-labelledby=\"dtc-education-heading\"\u003e\n    \u003ch2 id=\"dtc-education-heading\"\u003eHow to use and interpret the debt-to-capital ratio\u003c\/h2\u003e\n    \u003cdiv class=\"dtc-education-grid\"\u003e\n      \u003cdiv class=\"dtc-education-section\"\u003e\n        \u003ch3\u003eWhat this calculator estimates\u003c\/h3\u003e\n        \u003cp\u003eThe debt-to-capital ratio measures the share of a company’s long-term funding base that comes from interest-bearing debt. It is a capital-structure metric, so it focuses on how operations and assets are financed rather than on whether the company is currently profitable. The calculator adds interest-bearing debt and shareholders’ equity to obtain total capital, then divides debt by that total.\u003c\/p\u003e\n        \u003cdiv class=\"dtc-formula\"\u003eDebt-to-capital ratio = Interest-bearing debt ÷ (Interest-bearing debt + Shareholders’ equity)\u003c\/div\u003e\n        \u003cp\u003eThe result is shown as a percentage and as a decimal. A 40% ratio, for example, means that approximately $0.40 of each $1.00 in the measured capital base comes from debt and $0.60 comes from equity. The ratio is useful for comparing financing mixes over time or across genuinely comparable companies, but it does not by itself show whether debt is affordable.\u003c\/p\u003e\n      \u003c\/div\u003e\n\n      \u003cdiv class=\"dtc-education-section\"\u003e\n        \u003ch3\u003eHow to enter interest-bearing debt\u003c\/h3\u003e\n        \u003cp\u003eUse the first field for obligations that create an explicit financing cost. Typical items include bank loans, bonds and notes payable, the current portion of long-term borrowings, finance lease liabilities, and interest-bearing overdrafts. The input is required for a meaningful debt share, but zero is valid when a company has no interest-bearing debt. Higher debt increases the ratio when equity is unchanged; lower debt decreases it.\u003c\/p\u003e\n        \u003cp\u003eA common mistake is to enter total liabilities. Accounts payable, deferred revenue, accrued payroll, and many operating provisions are generally not financing debt and can overstate leverage if included automatically. Review the balance sheet notes because some obligations are split between current and non-current sections. Public-company filings can be found through the \u003ca class=\"dtc-link\" href=\"https:\/\/www.sec.gov\/edgar\/search\/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eSEC EDGAR filing search\u003c\/a\u003e.\u003c\/p\u003e\n      \u003c\/div\u003e\n\n      \u003cdiv class=\"dtc-education-section\"\u003e\n        \u003ch3\u003eHow to enter shareholders’ equity and choose a scale\u003c\/h3\u003e\n        \u003cp\u003eUse the equity field for total book equity relevant to the capital base. Depending on the analytical purpose, this may include common shareholders’ equity, preferred equity, redeemable or mezzanine equity, and non-controlling interests. Be consistent across periods and companies. Negative book equity is excluded by this calculator because it makes the simple funding-share interpretation unstable; investigate the underlying balance sheet instead of forcing a percentage.\u003c\/p\u003e\n        \u003cp\u003eThe scale control lets you work in dollars, thousands of dollars, or millions of dollars. It is optional in the sense that the ratio is scale-invariant, but the selected scale must match both amount fields. Switching the scale converts the numbers already entered, so $9,306 million becomes $9,306,000 thousand rather than merely receiving a new label. The initial example uses millions of U.S. dollars.\u003c\/p\u003e\n      \u003c\/div\u003e\n\n      \u003cdiv class=\"dtc-education-section\"\u003e\n        \u003ch3\u003eHow to read each result\u003c\/h3\u003e\n        \u003cul\u003e\n          \u003cli\u003e\n\u003cstrong\u003eDebt-to-capital ratio:\u003c\/strong\u003e the primary leverage measure. A higher value means debt supplies more of the measured capital base. A zero value means no debt; a 100% value means there is debt but no positive equity.\u003c\/li\u003e\n          \u003cli\u003e\n\u003cstrong\u003eTotal capital:\u003c\/strong\u003e debt plus equity. This is the denominator of the main ratio and provides the dollar context behind the percentage.\u003c\/li\u003e\n          \u003cli\u003e\n\u003cstrong\u003eEquity-to-capital share:\u003c\/strong\u003e the complement of the debt share when total capital is positive. Debt share and equity share should add to 100% after rounding.\u003c\/li\u003e\n          \u003cli\u003e\n\u003cstrong\u003eDebt-to-equity ratio:\u003c\/strong\u003e debt divided by equity. This comparison can rise very quickly when equity becomes small, so read it alongside the main ratio.\u003c\/li\u003e\n          \u003cli\u003e\n\u003cstrong\u003eCapital cushion:\u003c\/strong\u003e equity minus debt. A positive amount means book equity exceeds interest-bearing debt; a negative amount means debt is larger. It is a descriptive difference, not a liquidity reserve.\u003c\/li\u003e\n        \u003c\/ul\u003e\n      \u003c\/div\u003e\n\n      \u003cdiv class=\"dtc-education-section\"\u003e\n        \u003ch3\u003eHow to interpret the chart and table\u003c\/h3\u003e\n        \u003cp\u003eThe donut chart uses the same debt and equity amounts as the calculator model. Each colored arc has a matching legend amount and percentage, and the center label repeats the debt share. When both inputs are zero, or when an entry is invalid, the chart is replaced by a compact message rather than displaying a decorative placeholder. The detail table shows the exact component amounts, percentage contribution, and role in the formula. Horizontal scrolling is limited to the table wrapper on narrow screens.\u003c\/p\u003e\n        \u003cp\u003eUse the Excel download when you need an auditable snapshot. The workbook captures the current inputs, scale, outputs, breakdown, and several simple sensitivity checks at the moment you click the button. Percentages are stored as numeric fractions and amounts as dollar values, so they remain usable in formulas.\u003c\/p\u003e\n      \u003c\/div\u003e\n\n      \u003cdiv class=\"dtc-education-section\"\u003e\n        \u003ch3\u003eWhat counts as a high or low ratio?\u003c\/h3\u003e\n        \u003cp\u003eThere is no universal cutoff that applies to every business. Capital-intensive utilities, infrastructure operators, real estate companies, and mature industrial firms can carry different leverage than software or early-stage businesses. A rising ratio may reflect new borrowing, share repurchases, losses that reduce equity, or acquisitions. A falling ratio may reflect debt repayment, retained earnings, or new equity issuance.\u003c\/p\u003e\n        \u003cp\u003eCompare a company with peers using consistent accounting definitions and review several years rather than one date. The \u003ca class=\"dtc-link\" href=\"https:\/\/pages.stern.nyu.edu\/~adamodar\/New_Home_Page\/datafile\/dbtfund.html\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eNYU Stern corporate finance datasets\u003c\/a\u003e can provide broad industry context, while \u003ca class=\"dtc-link\" href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/how-stock-markets-work\/public-companies\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eInvestor.gov’s public-company overview\u003c\/a\u003e explains the reporting environment in which these figures appear.\u003c\/p\u003e\n      \u003c\/div\u003e\n\n      \u003cdiv class=\"dtc-education-section\"\u003e\n        \u003ch3\u003eBenefits, tradeoffs, and common mistakes\u003c\/h3\u003e\n        \u003cp\u003eDebt can lower the cost of capital, preserve ownership, and fund productive investment, but it also creates contractual interest and repayment obligations. Equity can absorb losses without scheduled repayment, yet issuing it may dilute existing owners. The debt-to-capital ratio summarizes this tradeoff but cannot evaluate maturity concentrations, floating-rate exposure, covenant restrictions, cash availability, or the stability of operating earnings.\u003c\/p\u003e\n        \u003cp\u003eAvoid mixing market-value debt with book equity, mixing year-end debt with average equity, omitting debt hidden in notes, or comparing companies that classify leases and preferred interests differently. Also avoid treating a low ratio as automatically safe: a company with weak cash flow can struggle even with modest debt. For background on financial-statement presentation, consult \u003ca class=\"dtc-link\" href=\"https:\/\/www.ifrs.org\/issued-standards\/list-of-standards\/ias-1-presentation-of-financial-statements\/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eIAS 1 from the IFRS Foundation\u003c\/a\u003e. This calculator is educational and does not provide investment, accounting, tax, or legal advice.\u003c\/p\u003e\n      \u003c\/div\u003e\n    \u003c\/div\u003e\n  \u003c\/section\u003e\n\u003c\/div\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49909488189683,"sku":"debt-to-capital","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/debt-to-capital.webp?v=1783935548","url":"https:\/\/financialmodelslab.com\/products\/debt-to-capital","provider":"Financial Models Lab","version":"1.0","type":"link"}