This series is calculated by using debt as the numerator and capital and reserves as the denominator. It is a measure of corporate leverage the extent to which activities are financed out of own funds.
Copyright, 2014, International Monetary Fund. Reprinted with permission.
Source: International Monetary Fund
Release: Financial Soundness Indicators
International Monetary Fund, Total Debt to Equity for Spain© [TOTDTEESA163N], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/TOTDTEESA163N/, July 6, 2015.