• Babcock Group average debt/equity ratio for 2023 was 2.52, a 42.37% decline from 2022.
• Babcock Group average debt/equity ratio for 2022 was 1.77, a 69.64% increase from 2021.
• Babcock Group average debt/equity ratio for 2021 was 5.83, a 555.06% 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.