• Booking Holdings average debt/equity ratio for 2023 was 2.79, a 1.06% decline from 2022.
• Booking Holdings average debt/equity ratio for 2022 was 2.82, a 40.3% decline from 2021.
• Booking Holdings average debt/equity ratio for 2021 was 2.01, a 19.28% 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.