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What major factors appear to lead the companies to adopt different capital structures? What insights does this comparison provide to the company in considering capital

What major factors appear to lead the companies to adopt different capital structures? What insights does this comparison provide to the company in considering capital structure policy? Provide specific reasoning for each of the company.
 Net debt (millions)Total equity (millions)Net debt + equity (millions)%
Telstra15,26315,27530,53850%
TPG5,50811,71817,22632%
Spark1,3131,5032,81647%
MAQ18913632558%
Chorus2,3209483,26871%



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