• Analyze and interpret the companys performance in related to long term solvency ratios considering each year

Long term Ratios Debt Ratio Formula: Debt Ratio Total Liabilities Total Assets Total Liabilities Total Assets Debt Ratio 2017 461,362 2,299,927 0.20 2018 523,099 2,025,099 0.25 2019 356,631 1,785,010 0.19 Debt/Equity Ratio Formula: Debt/ Equity Ratio = Total Liabilities Shareholders Equity Total Liabilities Shareholders Equity Debt/Equity Ratio 2017 461,362 1,838,565 0.25 2018 523,099 1,502,000 0.34 2019 356,631 1,428,379 0.24 Debt to Tangible net worth ratio Total Liabilities Formula: Debt to Tangible net worth ratio = Shareholders Equity-Intangible Assets 2017 461,362 1,838,565 2018 523,099 1,502,000 Total Liabilities Shareholders Equity Intangible Assets Debt to Tangible net worth ratio 2019 356,631 1,428,379 3,000 0.25 0.25 0.34