• Andritz average debt/equity ratio for 2023 was 0.4, a 35.48% decline from 2022.
• Andritz average debt/equity ratio for 2022 was 0.62, a 35.42% decline from 2021.
• Andritz average debt/equity ratio for 2021 was 0.96, a 17.24% 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.