with this information how do i explsin how leverage the firm ir compared to their compatitors? LLY do i look at the debt to asset ratio or the debt to equity?

1. How levered up is the firm (relative to its peers)? - Total assets =57.92B - Total debt =20.17B Its capital structure is 34.82% debt and 65.18% equity. This suggests that approximately 34.82% of Eli Lilly and Company's assets are founded by debt. - Total debt =20.17B - Stockholders equity=11.2B - 20.17B/11.2B=1.80 Considering this, for every $1 of equity, the company has $1.80 in debt. Competitors: - Johnson \& Johnson: - Total assets =166.06B - Total debt =29.92B - Total debt/ Total assets =29.92B/166.06=0.1802 or 18.02% Its capital structure is 18.02% debt and 81.98% equity. This suggests that approximately 18.02% of Johnson \& Johnson 's assets are founded by debt. - Total debt =29.92B - Stockholders Equity=71.23B - 29.92B/71.23B=0.420048 - Total debt =29.92B - Stockholders Equity=71.23B - 29.92B/71.23B=0.420048 Considering this, for every $1 of equity, the company has $0.42 in debt. - Merck \& Co Inc: - Total assets =106.73B - Total debt=34.86B - Total debt/total assets =34.86/106.73=0.3266 or 32.66% Its capital structure is 32.66% debt and 67.34% equity. This suggests that approximately 32.66% of Merck \& Co's assets are founded by debt. - Total debt=34.86 B - Stockholders Equity=41.25B - 34.86B/41.25B=0.85 Considering this, for every $1 of equity, the company has $0.85 in debt