[header] How to analyze debt to equity ratio [title] Determine the company's debt and equity. [step] You can find the information you'll need to make this calculation on the company's balance sheet. You will have to make some decisions about which of the balance sheet accounts to include in your calculation of debt. 
[substeps] Equity refers to the funds contributed by the stockholders, plus the company's earnings. The balance sheet should include a figure labeled as total equity.