A firm you are studying as a possible investment is known for using a lot of debt to finance its assets. You wonder just how much debt that really is and decide to quickly calculate its long-term capital structure. You note that current liabilities are $33 million, long-term debt in the form of bonds is $124 million, total shareholders equity is $35 million, and short-term notes payable is $19 million. What is the proportion of debt used in this company's long-term capital structure?
Enter your answer as a decimal, rounded to the second decimal.