Long-term debt to total assets ratio is a measure of a company’s financial leverage or how much it relies on debt to finance its assets. It shows how much of a company’s total assets are funded by its long-term debt. It is calculated by dividing the long-term debt by the total assets. It is reported as a percentage. The formula for long-term debt to total assets ratio is: Where: - Long-term debt is BS051, bs_lt_borrow - Total assets is BS036, bs_tot_asset