The debt-to-surplus ratio for non-financial corporations reflects their capacity to cover debt and interest repayments using profits from operational activities.
Debt is calculated as the sum of liabilities including currency and deposits, debt securities, loans, insurance, pensions and standardised guarantee schemes, and other accounts payable. Gross operating surplus (GOS) represents the value added from production after deducting compensation of employees. The non-financial corporations sector (S11) covers all private and public enterprises producing goods and non-financial services for the market. A ratio of 2.5 indicates that the corporation’s outstanding debt is 2.5 times greater than its annual gross operating surplus.
The indicator is measured as a factor of gross operating surplus.