Long-Term Debt To Total Capital (Historical)

Returns the ratio of long-term debt to total capital (debt + equity), showing what percentage of the company's capital structure is long-term debt.

Formula

LT Debt to Capital = Long-Term Debt / (Long-Term Debt + Shareholders' Equity)

Interpretation

Value Meaning
< 0.3 Low debt reliance
0.3-0.5 Moderate debt
> 0.5 Debt-heavy capital structure

Notes

  • Expressed as decimal (0.35 = 35%)
  • Compare across industry peers
  • Trend analysis shows financing strategy changes

Examples

Annual data for 2023
Q2 2023 data
Last quarter
Last year
Cell references

When to Use

Capital structure analysis, comparing debt reliance across companies, leverage trends

When NOT to Use

| Need debt to equity | hf_Long_Term_Debt_to_Equity_Ratio() | | Need interest coverage | InterestCoverage() |

Common Issues & FAQ

Q: What year formats are accepted? A: Use numeric years (2023) or period codes: lq (last quarter), ly (last year), lt (last twelve months), lq-1 (quarter before last).

Q: Why am I getting "NA"? A: The company may not report this metric, or data may not be available for the requested period.

Q: What's the difference between quarterly and TTM? A: Quarter shows one quarter's data. TTM (trailing twelve months) sums the last 4 quarters.

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MarketXLS Excel Add-in Tutorial - How to Use Long-Term Debt To Total Capital (Historical) and Other Financial Formulas
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