Rule 1223. The capital structure ratio is calculated as follows:
Capital structure ratio = Long-term debt
Long-term debt plus shareholders equity minus intangibles
Mich. Admin. Code R. 460.19223
Rule 1223. The capital structure ratio is calculated as follows:
Capital structure ratio = Long-term debt
Long-term debt plus shareholders equity minus intangibles
Mich. Admin. Code R. 460.19223