Hi everyone,
I am calculating book leverage ratio in COMPUSTAT. There are some firm-year have missing value of debt. I understand that sometimes COMPUSTAT documents missing value of debt even the liabilities are non-zero. In those cases, it’s better to replace the missing debt value as zero. But I have trouble to find the corresponding COMPUSTAT items for debt and liabilities to do this conversion.
Can someone please tell me what COMPUSTAT data itmes should I use, and is there a better way to treat the missing debt value?
Best,
Bo