• 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.
• Adidas AG average debt/equity ratio for 2020 was 0.31, a 34.78% increase from 2019.

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.