• Arthur J Gallagher average debt/equity ratio for 2023 was 0.6, a 4.76% increase from 2022.
• Arthur J Gallagher average debt/equity ratio for 2022 was 0.63, a 3.08% decline from 2021.
• Arthur J Gallagher average debt/equity ratio for 2021 was 0.65, a 14.47% 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.