Debt/Equity Ratio: This number is calculated by taking the company’s total debt and dividing it by the total equity. Although you can conduct this calculation on your own from the balance sheet, you can find the ratio on the top-level information page after searching for your stock symbol. For JNJ, the debt/equity ratio is listed as NA. This simply means the number has not been calculated for you. As a result, we’ll actually need to do it the old-fashioned way. In order to calculate the number, let’s start with the formula: Debt/Equity = Total Liabilities / Shareholders’ Equity
