AccountingHub
A2

Who financed the assets

Who financed the assets, and can earnings cover the interest?

Debt ratio

41.7%

Equity ratio

58.3%

Debt-to-equity

0.71

Times interest earned

9

The ratios all compare creditor financing to owner financing. The debt ratio and always sum to 100%, since every asset is financed by one or the other.

More debt relative to equity is — it magnifies both gains and losses to owners. Times interest earned asks a related but separate question: whatever the mix, can this year's earnings actually cover the interest bill?