• American Electric Power average debt/equity ratio for 2023 was 1.49, a 9.56% decline from 2022.
• American Electric Power average debt/equity ratio for 2022 was 1.36, a 3.55% increase from 2021.
• American Electric Power average debt/equity ratio for 2021 was 1.41, a 5.22% 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.