Which of the following is not correct?

Equity = Capital Employed + Debt

Equity: Equity represents the ownership interest in a company. It is the residual interest in the assets of the company after deducting its liabilities. In other words, it is the amount of money that shareholders have invested in the company, and it also includes any accumulated profits (retained earnings) that have not been distributed as dividends.
Debt: Debt refers to the total amount of money borrowed by a company from external sources, such as loans, bonds, or other forms of debt financing. Debt is considered a liability on the company's balance sheet since it represents the company's obligation to repay the borrowed funds over time.
Capital Employed: Capital Employed is the total amount of capital invested in a company to generate revenue. It represents the long-term funds used by the company to finance its assets and operations. Capital Employed is calculated as the sum of Equity and Debt because it includes both the funds provided by shareholders (Equity) and the funds borrowed from external sources (Debt).
The formula for calculating Capital Employed is: Capital Employed = Equity + Debt
Capital Employed is an important financial metric used to assess the efficiency of capital utilization in a company. It reflects the total resources (equity and debt) that the company employs in its operations to generate profits and achieve its objectives. By comparing Capital Employed with the company's earnings or profits, investors and analysts can evaluate the company's return on capital and its overall financial performance.