• Arc Resources average debt/equity ratio for 2023 was 0.16, a 23.81% increase from 2022.
• Arc Resources average debt/equity ratio for 2022 was 0.21, a 41.67% decline from 2021.
• Arc Resources average debt/equity ratio for 2021 was 0.36, a 38.46% 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.