• Atmos Energy average debt/equity ratio for 2023 was 0.64, a 0% increase from 2022.
• Atmos Energy average debt/equity ratio for 2022 was 0.64, a 18.99% decline from 2021.
• Atmos Energy average debt/equity ratio for 2021 was 0.79, a 14.49% 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.