XAO 1.03% 8,034.3 all ordinaries

Question, can some one please explain Debt /Equity in simple...

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    Question, can some one please explain Debt /Equity in simple terms. I use Westpac broking and they show it as a percentage. I have searched the STT libraries, flicked through numerous books but cant get a clear definition. At least one that I understand. TLS is currently at 118% according to Westpac. Is this good, bad? I realize this is only one figure in the whole picture, eg PE etc, just want to understand "KISS" Thanks
 
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