If at equilibrium there are significant amounts of both product and reactants, then the reaction can be described in terms of a K value, or equilibrium constant.  For any reaction:

aA + bB cC + dD

the Keq is defined as:

Keq = [C]c [D]d  [A]a [B]b

Note:  The value of the equilibrium constant may be determined from experimental data if the concentrations of both the reactants and the products are known. 
Equilibrium Constant, Keq