• Bayer average debt/equity ratio for 2023 was 1, a 5.26% increase from 2022.
• Bayer average debt/equity ratio for 2022 was 0.95, a 16.67% increase from 2021.
• Bayer average debt/equity ratio for 2021 was 1.14, a 16.33% 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.