• Analog Devices average debt/equity ratio for 2023 was 0.18, a 5.88% increase from 2022.
• Analog Devices average debt/equity ratio for 2022 was 0.17, a 41.38% increase from 2021.
• Analog Devices average debt/equity ratio for 2021 was 0.29, a 32.56% decline 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.