

It is simplified by adding the latest two-year average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. As of today, William Hill's market capitalization (E) is £2857.445 Mil.

The market value of equity (E) is also called " Market Cap". We need to calculate the weight of equity and the weight of debt. Generally speaking, a company's assets are financed by debt and equity.
