I have a doubt about whats in the book, How do you calculate Debt-to-Equity Ratio?
It`s Total Liabilities/Total Equity or it is Financial Liabilities/Total Equity?
Because the books uses only Financial Liabilities in an example.
The Total Debt includes only Financial Liabilities or does it include all Liabilities?
I`m with some seriously doubt if they did it right. Because I think total debt include all liabilities (e.g. accounts payable).
Someone please help me.