Calculate the debt ratio of your company using the total liabilities and total assets from its most recent financial statements.

Debt ratio = Total debt/Total assets 2019 Debt Ratio (See balance sheet) = $6,367,900/$7,854,700 = 81.07%

Would you think the debt ratio to be higher or lower than the debt ratio you calculated if the company had instead financed to purchase the equipment/facility rather than leasing? Why?

2025 and beyond Credit Facilities and Long-Term Contractual Commitments See Note 8 to our consolidated financial statements for a description of our credit facilities. The following table summarizes our long-term contractual commitments by period: Payments Due by Period 2021 - 2023- Total 2020 2022 2024 Recorded Liabilities: Long-term debt obligations (6) $ 29,142 $ $ 7,156 $ 3,110 $ Operating leases (0) 1,763 501 300 One-time mandatory transition tax - TCJ Act (d) 3,317 75 617 888 Other: Interest on debt obligations 12,403 996 1,730 1,388 Purchasing commitments 2,032 874 844 213 Marketing commitments 1,308 403 548 188 Total contractual commitments $ 49,965 $ 2,849 $ 11,549 $ 6,087 $ 654 18,876 308 1,737 8.289 101 169 29,480