• Brookfield average debt/equity ratio for 2023 was 1.36, a 2.16% decline from 2022.
• Brookfield average debt/equity ratio for 2022 was 1.39, a 17.8% decline from 2021.
• Brookfield average debt/equity ratio for 2021 was 1.18, a 1.67% 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.