A solvency ratio calculated as total debt divided by total shareholders’ equity. PepsiCo Inc.’s debt to equity ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.

*Solvency II: Federal Insurance Office Director Michael McRaith rejected any application of European Union Solvency II standards on U.S. Solvency II ADMIRAL reported a 4% increase in pre-tax profits for the first half of 2016 and raised its dividend by 23%, but spooked investors with a warning that market volatility after Brexit had squeezed its ...*Solvency Ratio =total debt / total debt + total shareholder equity Measures percentage of company capital represented by debt. A higher ratio indicates higher financial risk & weaker solvency.