D/A

Explanation: The Debt-to-Asset (D/A) ratio is a financial metric that measures the proportion of a company’s total assets financed by debt. It indicates the extent to which a company relies on debt to fund its operations and investments. A higher D/A ratio suggests higher financial risk, as it indicates a larger portion of assets is financed by debt.

Example: Vedanta reported a D/A ratio of 0.43 in FY23. This implies that 43% of Vedanta’s total assets were financed by debt during the fiscal year. Analyzing the D/A ratio helps assess the company’s leverage and risk exposure associated with its debt obligations.

You can view the D/A value for any company on Radar under the Solvency Ratios in the Ratios section.