• Burberry Group average debt/equity ratio for 2023 was 0.23, a 21.05% increase from 2022.
• Burberry Group average debt/equity ratio for 2022 was 0.19, a 17.39% increase from 2021.
• Burberry Group average debt/equity ratio for 2021 was 0.23, a 4.17% 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.