• Acuity Brands Inc average debt/equity ratio for 2023 was 0.25, a 3.85% decline from 2022.
• Acuity Brands Inc average debt/equity ratio for 2022 was 0.26, a 4% decline from 2021.
• Acuity Brands Inc average debt/equity ratio for 2021 was 0.25, a 25% 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.