Balance Sheet Analysis: Total Assets, Liabilities, and Equity

Based on the company's most recent balance sheet data, the total assets amount to $1.9 million, total liabilities amount to $0.8 million, and total equity amount to $1.1 million. To calculate the debt to equity ratio, we need to divide the total liabilities by the total equity.

Calculation:

Debt to equity ratio = $0.8 million / $1.1 million = 0.73

Therefore, the debt to equity ratio for this company is 0.73. This ratio indicates that for every dollar of equity, the company has $0.73 of debt. A lower debt to equity ratio is generally considered favorable as it shows that the company is relying less on debt financing.