Debt / equity
Total debt as a percentage of shareholders' equity.
How to read it
Higher means more of the business is financed by lenders.
How to use it
A first read of leverage.
Limitations
Distorted when equity is small or negative — buybacks can do that.
In Kereon
Kereon shows this figure as its data vendor publishes it and does not recompute it, so the vendor's exact inputs — which period's earnings, which balance sheet, which adjustments — are not visible here. The calculation above is the standard definition.
Also called: debt / equity, debt/equity, d/e.