• Brunswick average debt/equity ratio for 2023 was 1.06, a 13.82% increase from 2022.
• Brunswick average debt/equity ratio for 2022 was 1.23, a 68.49% decline from 2021.
• Brunswick average debt/equity ratio for 2021 was 0.73, a 1.39% 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.