{"pre_text": ["the goldman sachs group , inc .", "and subsidiaries management 2019s discussion and analysis scenario analyses .", "we conduct various scenario analyses including as part of the comprehensive capital analysis and review ( ccar ) and dodd-frank act stress tests ( dfast ) , as well as our resolution and recovery planning .", "see 201cequity capital management and regulatory capital 2014 equity capital management 201d below for further information about these scenario analyses .", "these scenarios cover short-term and long-term time horizons using various macroeconomic and firm-specific assumptions , based on a range of economic scenarios .", "we use these analyses to assist us in developing our longer-term balance sheet management strategy , including the level and composition of assets , funding and equity capital .", "additionally , these analyses help us develop approaches for maintaining appropriate funding , liquidity and capital across a variety of situations , including a severely stressed environment .", "balance sheet allocation in addition to preparing our consolidated statements of financial condition in accordance with u.s .", "gaap , we prepare a balance sheet that generally allocates assets to our businesses , which is a non-gaap presentation and may not be comparable to similar non-gaap presentations used by other companies .", "we believe that presenting our assets on this basis is meaningful because it is consistent with the way management views and manages risks associated with our assets and better enables investors to assess the liquidity of our assets .", "the table below presents our balance sheet allocation. ."], "post_text": ["the following is a description of the captions in the table above : 2030 global core liquid assets and cash .", "we maintain liquidity to meet a broad range of potential cash outflows and collateral needs in a stressed environment .", "see 201cliquidity risk management 201d below for details on the composition and sizing of our 201cglobal core liquid assets 201d ( gcla ) .", "in addition to our gcla , we maintain other unrestricted operating cash balances , primarily for use in specific currencies , entities , or jurisdictions where we do not have immediate access to parent company liquidity .", "2030 secured client financing .", "we provide collateralized financing for client positions , including margin loans secured by client collateral , securities borrowed , and resale agreements primarily collateralized by government obligations .", "we segregate cash and securities for regulatory and other purposes related to client activity .", "securities are segregated from our own inventory as well as from collateral obtained through securities borrowed or resale agreements .", "our secured client financing arrangements , which are generally short-term , are accounted for at fair value or at amounts that approximate fair value , and include daily margin requirements to mitigate counterparty credit risk .", "2030 institutional client services .", "in institutional client services , we maintain inventory positions to facilitate market making in fixed income , equity , currency and commodity products .", "additionally , as part of market- making activities , we enter into resale or securities borrowing arrangements to obtain securities or use our own inventory to cover transactions in which we or our clients have sold securities that have not yet been purchased .", "the receivables in institutional client services primarily relate to securities transactions .", "2030 investing & lending .", "in investing & lending , we make investments and originate loans to provide financing to clients .", "these investments and loans are typically longer- term in nature .", "we make investments , directly and indirectly through funds that we manage , in debt securities , loans , public and private equity securities , infrastructure , real estate entities and other investments .", "we also make unsecured loans to individuals through our online platform .", "debt includes $ 14.23 billion and $ 17.29 billion as of december 2016 and december 2015 , respectively , of direct loans primarily extended to corporate and private wealth management clients that are accounted for at fair value .", "loans receivable is comprised of loans held for investment that are accounted for at amortized cost net of allowance for loan losses .", "see note 9 to the consolidated financial statements for further information about loans receivable .", "goldman sachs 2016 form 10-k 67 ."], "table": [["$ in millions", "as of december 2016", "as of december 2015"], ["global core liquid assets ( gcla )", "$ 226066", "$ 199120"], ["other cash", "9088", "9180"], ["gcla and cash", "235154", "208300"], ["secured client financing", "199387", "221325"], ["inventory", "206988", "208836"], ["secured financing agreements", "65606", "63495"], ["receivables", "29592", "39976"], ["institutional client services", "302186", "312307"], ["public equity", "3224", "3991"], ["private equity", "18224", "16985"], ["debt", "21675", "23216"], ["loans receivable", "49672", "45407"], ["other", "5162", "4646"], ["investing & lending", "97957", "94245"], ["total inventory and relatedassets", "400143", "406552"], ["other assets", "25481", "25218"], ["total assets", "$ 860165", "$ 861395"]], "table_ori": [["", "As of December"], ["<i>$ in millions</i>", "2016", "2015"], ["Global Core Liquid Assets (GCLA)", "$226,066", "$199,120"], ["Other cash", "9,088", "9,180"], ["GCLA and cash", "235,154", "208,300"], ["Secured client financing", "199,387", "221,325"], ["Inventory", "206,988", "208,836"], ["Secured financing agreements", "65,606", "63,495"], ["Receivables", "29,592", "39,976"], ["Institutional Client Services", "302,186", "312,307"], ["Public equity", "3,224", "3,991"], ["Private equity", "18,224", "16,985"], ["Debt", "21,675", "23,216"], ["Loans receivable", "49,672", "45,407"], ["Other", "5,162", "4,646"], ["Investing & Lending", "97,957", "94,245"], ["Total inventory and relatedassets", "400,143", "406,552"], ["Other assets", "25,481", "25,218"], ["Total assets", "$860,165", "$861,395"]]}

Question: what is the debt-to-total asset ratio in 2015?
Evidence:
table_11: $ in millions the debt of as of december 2016 is 21675 ; the debt of as of december 2015 is 23216 ;
table_17: $ in millions the total assets of as of december 2016 is $ 860165 ; the total assets of as of december 2015 is $ 861395 ;
Program: divide(23216, 861395)
Answer:
str_answer: 2.7%
exe_answer: 0.02695