Abstract: This research aims to describe companies’ capital structure grouped in main board and development board index at Jakarta Stock Exchange. Selected 134 companies consisted of 71 companies from main board and 62 from development board. This research was an observational and explanatory study. Samples were obtained through purposive sampling. The results showed that (1) In term of Debt to Equity Ratio, the largest and the smallest debt user were of development board from industrial sector. (2) In term of Debt to Assets Ratio, the highest debt utilization was 96,25% from the total asset or almost all of the asset was funded by debts, this occurred in 2001 by industrial sector group of development board. Reversely, the most conservative case in regard with debt utilization occurred in 2004 with 0,04% was debt funded of the total asset, the company was grouped in development board and from industrial sector. (3) In the calculation of Equity to Assets Ratio main board companies were more conservative compared to development board.

Keywords: capital structure, debt, asset, equity

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