What is the Debt to Total Assets ratio (the formula)? What does it mean? Say this in your words. Calculate and report Delta's Debt to Total Assets using the latest 10Q

What is the Debt to Total Assets ratio (the formula)? What does it mean? Say this in your words.

Answer:

Debt to Total Assets ratio explain the relationship between total assets and long term debts(Non-Current Liabilities). This ratio is calculated by dividing the total assets less fictitious assets by long term debts(or non-current liabilities)

Formula:

Total Assets to Debt Ratio = (Total Assets - Fictitious Assets) / Long Term Debts

Note: I don't have any details of Delta's organisation.