• Church & Dwight average debt/equity ratio for 2023 was 0.61, a 3.39% decline from 2022.
• Church & Dwight average debt/equity ratio for 2022 was 0.59, a 25.53% increase from 2021.
• Church & Dwight average debt/equity ratio for 2021 was 0.47, a 21.67% 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.