• Berkeleys average debt/equity ratio for 2023 was 0.2, a 4.76% decline from 2022.
• Berkeleys average debt/equity ratio for 2022 was 0.21, a 75% decline from 2021.
• Berkeleys average debt/equity ratio for 2021 was 0.12, a 20% 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.