Debt is nothing but loans that a company borrows from banks etc.
Jun 14 2013 10:14 AM
Equity is the ownership in the company by the promoters.
Shares are a financial instrument using which equity is owned by an investor.
They are related in the sense that if a company wants to raise new money, they have 2 options - Equity or Debt. So both these are instruments using which new cash can be raised by the company