What term describes a corporation's mix of long-term debt and equity?

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Capital structure is the blend of long-term debt and equity a corporation uses to finance its activities. This mix determines leverage, cost of capital, and financial risk, and it’s a strategic choice about how the company funds itself over the long term. The other terms describe different concepts: a liquidity ratio looks at the ability to meet short-term obligations; dividend yield measures the return from dividends relative to price; and the cash conversion cycle tracks how quickly operations convert resources into cash. Capital structure specifically focuses on financing with long-term debt versus equity, shaping long-run financial flexibility and cost of capital.