[ihodes]

There's a fair amount of thought behind what the ideal debt ratio should be for a company, but basically the goal is to minimize the cost of capital while maximizing market value.^[1]

[1]: https://www.investopedia.com/terms/o/optimal-capital-structu...

[pixelmonkey]

Thank you for this. I did not know the term "Optimal Capital Structure" but it seems like a good jumping-off point for researching the topic.