Long-Term Debt/Capitalization
A ratio showing the financial leverage of a firm, calculated by dividing long-term debt by the amount of capital available: 
Investopedia Commentary
A variation of the traditional debt-to-equity ratio, this value computes the proportion of a company's long-term debt compared to its available capital. By using this ratio, investors can identify the amount of leverage utilized by a specific company and compare it to others to help analyze the company's risk exposure. Generally, companies who finance a greater portion of their capital via debt are considered riskier than those with lower leverage ratios.
Related Links
Debt Reckoning
When Companies Borrow Money
Introduction to Fundamental Analysis
Advanced Financial Statement Analysis
See also: Capitalization, Common Stock, Debt, Debt/Equity Ratio, Interest-Sensitive Stock, Leverage, Long-Term Debt, Preferred Stock, Shareholders' Equity