• Apple average debt/equity ratio for 2024 was 1.33, a 11.33% decline from 2023.
• Apple average debt/equity ratio for 2023 was 1.5, a 12.79% decline from 2022.
• Apple average debt/equity ratio for 2022 was 1.72, a 6.83% decline from 2021.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.