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long-term debt ratio = long-term debt/longterm debt + total equity Why this ratio might be of interest to investors or creditors, what this ratio tells

long-term debt ratio = long-term debt/longterm debt + total equity

Why this ratio might be of interest to investors or creditors, what this ratio tells us and whether the company is performing better or worse to the prior fiscal year. --> F18 = 42% , F19 = 40%

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