• ATI average debt/equity ratio for 2023 was 1.43, a 21.86% decline from 2022.
• ATI average debt/equity ratio for 2022 was 1.83, a 25.31% decline from 2021.
• ATI average debt/equity ratio for 2021 was 2.45, a 107.63% 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.