• Archrock average debt/equity ratio for 2023 was 1.85, a 5.71% decline from 2022.
• Archrock average debt/equity ratio for 2022 was 1.75, a 1.16% increase from 2021.
• Archrock average debt/equity ratio for 2021 was 1.73, a 5.46% 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.