Table Q1(a) shows the balance sheet for Starjet Aviation Pte. Ltd., an aerospace engineering company that manufactures and overhauls aircraft components, as of December 2016. Determine the leverage ratio of Starjet Aviation.

Debit ($) Credit ($) 1,215,635 1,106,553 Property, Plant and Equipment Repairable aircraft parts Financial debt Insurance Cash at bank Cash in hand Receivables and other assets 39,867 27,775 8,568 9,765 239,275 Total amount on 31st December 2016 2,579,796 67,642 Table Q1(a)