About financial ratios. We have: Debt-to-capital = total debt / (total debt + total shareholders'...

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Accounting

About financial ratios. We have:

Debt-to-capital = total debt / (total debt + total shareholders' equity)

and

Debt-to-assets = total debt / total asset

And they say those two ratios are different. But isn't Total Capital supposed to be equal to Total assets? This is not the only case. In a lot of ratios, they have assets different from Total capital. Can you tell why? Thank you.

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