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I already posted this on the Quotes 'n' Dat Feedback board, but then I think that that's for feedback, not so much for questions. So....

I'm confused about Long-Term Debt to Equity.

I'm looking at IBM's snapshot at
<>. It lists the LT D/E as 0.80.

Now, from IBM's annual report, Long-term debt is 15.508 billion (page 73, item K). Market cap (again from <>) is 171.529 billion (subject to fluctuations of share price, of course).

15.508 / 171.529 = 0.090, or about an order of magnitude off of the 0.80 (actually, a calculation as of today's cap was almost exactly 0.080). What am I missing here?
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