Shares of Corsair Gaming Inc. CRSR increased by 18.23% in the past three months. Before having a look at the importance of debt, let's look at how much debt Corsair Gaming has.Corsair Gaming DebtBased on Corsair Gaming's balance sheet as of November 3, 2022, long-term debt is at $239.05 million and current debt is at $4.66 million, amounting to $243.71 million in total debt. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents includes cash and any liquid securities with maturity periods of 90 days or less. Generally speaking, a debt-ratio more than 1 means that a large portion of debt is funded by assets. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 25% might be higher for one industry, but average for another.Importance of DebtBesides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more.This article was generated by Benzinga's automated content engine and reviewed by an editor.