• Aon average debt/equity ratio for 2023 was 61.01, a 1135.02% decline from 2022.
• Aon average debt/equity ratio for 2022 was 4.94, a 41.55% increase from 2021.
• Aon average debt/equity ratio for 2021 was 3.49, a 76.26% increase 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.