• Choice Hotels average debt/equity ratio for 2024 was 42.72, a 65.2% decline from 2023.
• Choice Hotels average debt/equity ratio for 2023 was 25.86, a 526.15% increase from 2022.
• Choice Hotels average debt/equity ratio for 2022 was 4.13, a 77.37% increase from 2021.

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.