Debt includes capital leases. Book value of equity may be less than its market value. Book value of equity includes reserves, adjustments and accrued income. The proportion of debt in the firm's invested capital. A standard ratio.
Debt includes capital leases.
Book value of equity may be less than its market value. Book value of equity includes reserves, adjustments and accrued income. Use when short-term debt is minimal or seasonal. Debt includes capital leases. Book value of equity may be less than its market value.