The Project Gutenberg EBook of McGuffey's First Eclectic Reader, Revised. Edition, by William Holmes McGuffey. This eBook is for the use of anyone anywhere at no cost and with. almost no restrictions whatsoever. You may copy it, give it away or. re-use it under the terms of the Project Gutenberg License included. with this eBook or online at www.gutenberg.net. Title: McGuffey's First Eclectic Reader, Revised Edition.
It is a popular benchmark used in the measurement of an entity's (person or corporation) ability to produce enough cash to cover its debt (including lease) payments. The higher this ratio is, the easier it is to obtain a loan.
A financial ratio that measures the extent of a companyâs or consumerâs leverage. The debt ratio is defined as the ratio of total â long-term and short-term â debt to total assets, expressed as a decimal or percentage. It can be interpreted as the proportion of a companyâs assets that are financed by debt. Also referred to as the debt-to-assets ratio.