An analyst is evaluating the solvency and liquidity of X Manufacturing and has collected the following data $($in crore$).$

FY$5$

FY$4$

FY$3$

Total Debt

$4,000$

$3,000$

$2,800$

Total Equity

$7,500$

$7,500$

$8,000$

What can be concluded based on the data presented in the table above?