Debt-to-equity ratio On a balance sheet, the formal definition is that debt (liabilities) plus equity equals assets, or any equivalent reformulation. Both the formulas below are therefore identical: Debt to equity can also be reformulated in terms of assets or debt: General Electric Co. () Debt-to-equity ratio The debt-to-equity ratio (D/E) is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets. Closely related to leveraging, the ratio is also known as risk, gearing or leverage. The two components are often taken from the firm's balance sheet or statement of financial position (so-called book
Gearing-class destroyer DDE conversion, with 4 3-inch/70 caliber guns in twin enclosed mounts, two Weapon Alpha launchers, four new 21-inch torpedo tubes for the Mark 37 ASW torpedo, and one depth charge rack. In the late 1950s and early 1960s 78 of the "Gearing"-class destroyers underwent extensive modernization overhauls, known as FRAM I, which were designed to convert them from an anti-aircraft destroyer to an anti-submarine warfare platform. FRAM I removed all of the DDR and DDE equipment, and these ships were redesignated as DDs. FRAM I and FRAM II conversions were completed 1960-65. Eventually all but four "Gearing"s received FRAM conversions.