• AvalonBay Communities average debt/equity ratio for 2023 was 0.69, a 5.48% increase from 2022.
• AvalonBay Communities average debt/equity ratio for 2022 was 0.73, a 1.39% decline from 2021.
• AvalonBay Communities average debt/equity ratio for 2021 was 0.72, a 1.41% 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.