Long-Term Debt To Capitalization Ratio

What Does Long-Term Debt To Capitalization Ratio Mean?
A ratio showing the financial leverage of a firm, calculated by dividing long-term debt by the amount of capital available:

Investopedia explains Long-Term Debt To Capitalization Ratio
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 that finance a greater portion of their capital via debt are considered riskier than those with lower leverage ratios.