• Adidas AG average debt/equity ratio for 2023 was 0.51, a 27.5% decline from 2022.
• Adidas AG average debt/equity ratio for 2022 was 0.4, a 25% increase from 2021.
• Adidas AG average debt/equity ratio for 2021 was 0.32, a 3.23% increase from 2020.

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.