Journal of Social Sciences and Public Policy, Volume 10, Number 1, 2018. 54 RELA TIO N SH IP BETW EEN DEBT RATIO AND FINANCIAL PERFORM A N CE OF N IGERIA N QU OTED COM PA N IES *Adegbola Olubukola Otekunrin, Tony, Ikechukwu N wanji, Ajayi, Samuel Abiodun, Awonusi, Frank Dayo, Eluyela, Damilola Felix, Department of Accounting and Finance, Landmark University, Omu- A ran, Kwara State, N igeria email: otekunrin.adegbola@lmu.edu.ng , nwanji.tony@lmu.edu.ng , ajayi.abiodun@lmu.edu.ng , awonusi.frank@lmu.edu.ng , eluyela.damilola@lmu.edu.ng A bstract: This study examined the relationship between debt ratio and financial performance of selected N igerian quoted. This research work also examined whether asset turnover is related firm financial performance as well as whether asset tangibility is related firm financial performance. Data for the period of five years (2011-2015), sourced from the annual reports of the quoted companies was used in carrying out the analysis. The variable used werey debt ratio , assets turnover, assets tangibility, and financial performance (i.e. profitability) is proxied by return on assets.STATA software was engaged in performing the correlation and regression analysis. The study detected that from the regression analysis that debt ratio and financial performance are positively and significantly related. The result also revealed that asset turnover and financial performance are negaitively and but not significantly related whlie assets tangibility and financial performance are positively and significantly related. Keywords: Return on equity, Debt ratio, Assets tangibility, Capital Structure, Profitability Reference to this paper should be made as follows: Adegbola Olubukola Otekunrin et al.,(2018), Relationship between Debt Ratio and Financial Performance of Nigerian Quoted Companies. J. of Social Sciences and Public Policy, Vol. 10 , N umber 1, Pp. 54- 70 brought to you by CORE View metadata, citation and similar papers at core.ac.uk provided by Landmark University Repository