| Hypotheses | Description | Results |
| H1 | There is a significant relationship between ownership structure and Long-term debt | Partially Supported |
| H2 | There is a significant relationship between ownership structure and Short-term debt | Not Supported |
| H3 | There is a significant relationship between ownership structure and debt equity ratio | Partially Supported |
| H4 | There is a significant relationship between ownership structure and total debt | Partially Supported |