SUMMARY
The paper aimed to study the leverage ratio at PRO ACVA SA fish culture company in order to decide the additional borrowing . The study is based on the data collected from the Balance Sheet ended at December 31, 2008. The following formulas were used for leverage ratio: Total debt/ Liabilities , Total debt / Stockholders’ equity , Long and medium term debt/ stockholders’ equity and Long and medium term debt/ Invested capital. Before borrowing , the debt/liabilities ratio is 0.45, total debt/stockholders’ equity is 0.82 , long and medium term debt/stockholders’ equity is 0.053 and long and medium term debt/invested capital is 0.051. After borrowing, the debt/liabilities ratio is 0.66, total debt/stockholders’ equity is 2 , long and medium term debt/stockholders’ equity is 1 and long and medium term debt/invested capital is 0.5, that is they do not exceed the thresholds.