This measures the level of debt obligation in comparison to the level of resources that are expendable based on net asset classification (i.e., available to meet those obligations).
Cornell's Expendable Resources vs. Debt
Cornell's Expendable Resources to Debt Ratio
Understanding this Ratio
Comparing the University’s total expendable resources to its total debt provides an indicator of the University’s ability to cover its debt obligation. Although the total outstanding debt is not payable at once, monitoring debt levels and trends compared to the total expendable resources is part of strategic debt management.