The screener calculates the Leverage Ratio as Total debt / (Total assets + Total assets previous year) / 2
It is thus total debt divided by the average total assets of the company over the past two years.
How to use the ratio
Available as a screening ratio: No
Available as an output column ratio: Yes (Look for it under the Quality heading)
How to select the lowest Leverage Ratio companies
The leverage ratio is only available as an output column in the screener - use the small funnel icon to only select the values you want to see.
To find companies with the lowest value - low debt to asset companies - sort the column from low to high.