• Cabot average debt/equity ratio for 2023 was 0.82, a 11.83% decline from 2022.
• Cabot average debt/equity ratio for 2022 was 0.93, a 4.49% decline from 2021.
• Cabot average debt/equity ratio for 2021 was 0.89, a 25.21% 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.