Your long-term debt ratio is in line with most distributors. Distributors tend to have long-term debt ratios ranging from 15% to 25% (.15 to .25). They generally carry large inventories and do not have the intensive capital needs. Distributors may lease their facilities and equipment on a short term basis.
As a result, trade payables is often high, increasing the value of total liabilities. Long-term debt is low, so the resulting ratio is low.
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