• Applied Materials average debt/equity ratio for 2024 was 0.31, a 16.22% decline from 2023.
• Applied Materials average debt/equity ratio for 2023 was 0.37, a 19.57% decline from 2022.
• Applied Materials average debt/equity ratio for 2022 was 0.46, a 0% 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.