• CBRE average debt/equity ratio for 2023 was 0.25, a 56.25% increase from 2022.
• CBRE average debt/equity ratio for 2022 was 0.16, a 27.27% increase from 2021.
• CBRE average debt/equity ratio for 2021 was 0.22, a 15.38% 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.