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An analyst is evaluating the solvency and liquidity of X Manufacturing and has collected the following data ( in crore ) . FY 5 FY

An analyst is evaluating the solvency and liquidity of X Manufacturing and has collected the following data (in crore).
FY5
FY4
FY3
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?

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