• BXP average debt/equity ratio for 2023 was 1.9, a 12.43% decline from 2022.
• BXP average debt/equity ratio for 2022 was 1.69, a 4.32% increase from 2021.
• BXP average debt/equity ratio for 2021 was 1.62, a 5.19% 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.