• Avery Dennison average debt/equity ratio for 2023 was 1.34, a 3.08% decline from 2022.
• Avery Dennison average debt/equity ratio for 2022 was 1.3, a 5.11% increase from 2021.
• Avery Dennison average debt/equity ratio for 2021 was 1.37, a 12.18% 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.