Off-Balance Sheet Financing During 2016, Thomas Company reported the following unconditional purchase obligations in its footnotes:

Off-Balance Sheet Financing 

During 2016, Thomas Company reported the following unconditional purchase obligations in its footnotes:

Year ending December 31, 2016 

 (in thousands $) 

Less than one year 

                87.6 

1-3 years 

                79.2 

3-5 years 

                  4.5 

5-7 years 

                  0.5 

If Thomas' total assets equal $540,000 and its total stockholders' equity equals $340,000, how would its debt-to-equity ratio change if it reported the unconditional purchase obligations in the balance sheet? (Ignore discounting.)