• Applied Industrial Technologies average debt/equity ratio for 2024 was 0.33, a 17.5% decline from 2023.
• Applied Industrial Technologies average debt/equity ratio for 2023 was 0.4, a 27.27% decline from 2022.
• Applied Industrial Technologies average debt/equity ratio for 2022 was 0.55, a 28.57% decline from 2021.

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.