• Credit Acceptance average debt/equity ratio for 2023 was 2.74, a 4.2% increase from 2022.
• Credit Acceptance average debt/equity ratio for 2022 was 2.86, a 29.41% decline from 2021.
• Credit Acceptance average debt/equity ratio for 2021 was 2.21, a 2.79% 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.