• Cullen/Frost Bankers average debt/equity ratio for 2023 was 0.07, a 0% decline from 2022.
• Cullen/Frost Bankers average debt/equity ratio for 2022 was 0.07, a 40% decline from 2021.
• Cullen/Frost Bankers average debt/equity ratio for 2021 was 0.05, a 16.67% 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.