1, the leverage ratio of stock leveraged funds is as follows: the ratio of priority share to enterprising share is 1: 1, that is, the initial leverage is twice. As the net ratio of the two changes, the leverage will also change. Generally speaking, if the net value of enterprising share increases, the leverage will decrease, and if the net value of enterprising share is less, the leverage will increase. Generally speaking, leverage ratio = core capital/risk exposure of total assets on and off the balance sheet.

2. The leverage ratio generally refers to the ratio of equity capital to total assets in the balance sheet. Leverage ratio is an index to measure the debt risk of a company, which reflects the repayment ability of the company from the side. The reciprocal of leverage ratio is leverage ratio. Generally speaking, the leverage ratio of investment banks is relatively high. In 2007, the leverage ratio of Merrill Lynch was 28 times and that of Morgan Stanley was 33 times.