Special ConsiderationsSome sources consider the debt ratio to be total liabilities divided by total assets. This reflects a certain ambiguity between the terms debt and liabilities that depends on the circumstance. The debt-to-equity ratio, for example, is closely related to and more common than the debt ratio, instead, using total liabilities as the numerator. Financial data providers calculate it using only long-term and short-term debt (including current portions of long-term debt), exclud...
