• Celanese average debt/equity ratio for 2023 was 1.93, a 38.85% decline from 2022.
• Celanese average debt/equity ratio for 2022 was 1.39, a 78.21% increase from 2021.
• Celanese average debt/equity ratio for 2021 was 0.78, a 25% 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.