• Asahi Glass average debt/equity ratio for 2023 was 0.26, a 16.13% decline from 2022.
• Asahi Glass average debt/equity ratio for 2022 was 0.31, a 31.11% decline from 2021.
• Asahi Glass average debt/equity ratio for 2021 was 0.45, a 32.35% 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.