How would you calculate the Debt to Equity Ratio on this? I keep getting .5 and I think it is way off. Here are my calculations:

2018
Liabilities		7,588,642
Equity	14,090,748
	0.54
2017
Liabilities		7,407,641
Equity	13,095,647
	0.57

FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF NET POSITION June 30, 2018 2017 $ $ (in thousands) Asset and Deferred Outflows Current Assets: Cash and cash equivalents Investments for operating activities Investments for capital activities Investments for student loan activities Accounts receivable, net Current portion of notes and pledges receivable, net Current portion of prepaid expenses and other assets Cash collateral held by agent Total Current Assets Noncurrent Assets: Unexpended bond proceeds Endowment, life income and other investments Notes and pledges receivable, net Prepaid expenses and other assets Capital assets, net Total Noncurrent Assets Total Assets 133,365 1,117,063 533,855 57,135 666,811 79,765 125,159 29,727 2,742,880 105,127 1,265,208 378,931 58,836 639,384 76,148 127.799 44,130 2,695,563 82,797 12,305,228 336,870 90,618 6,120,997 18,936,510 21,679,390 98,455 11,322,610 312,478 28,740 6,045,442 17,807,725 20,503,288 Deferred Outflows Total Assets and Deferred Outflows 383,589 $ 22,062,979 348,691 $ 20,851,979 $ Liabilities, Deferred Inflows and Net Position Current Liabilities: Accounts payable Accrued compensation and other Unearned revenue Current portion of insurance and benefits reserves Current portion of obligations for postemployment benefits Commercial paper and current portion of bonds payable Long-term bonds payable subject to remarketing, net Collateral held for securities lending Deposits of affiliates and others Total Current Liabilities Noncurrent Liabilities: Accrued compensation Insurance and benefits reserves Obligations for defined benefit pension plan, net Obligations for postemployment benefits Obligations under life income agreements Government loan advances Bonds payable Deposits of affiliates and other Total Noncurrent Liabilities Total Liabilities 290,563 451,458 306,803 98,159 87,638 237,371 195,552 29,727 77,422 1,774,693 328,672 442,749 283,551 97,799 77,374 237,243 202,718 44,130 87,811 1,802,047 40,682 137,003 (3,823) 3,216,102 74,180 81,510 1,961,085 307,210 5,813,949 7,588,642 43,904 116,236 3,436 3,120,953 65,897 88,401 1,877,554 289,213 5,605,594 7,407,641 Deferred Inflows 193,292 83,683 3,722,086 3,735,130 Net Position: Net investment in capital assets Restricted: Nonexpendable Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows and Net Position 2,146,358 5,007,324 3,405,277 14,281,045 $ 22,062,979 1,966,541 4,587,581 3,071,403 13,360,655 $ 20,851,979