• Colgate-Palmolive average debt/equity ratio for 2023 was 19.82, a 83.01% decline from 2022.
• Colgate-Palmolive average debt/equity ratio for 2022 was 10.83, a 21.96% increase from 2021.
• Colgate-Palmolive average debt/equity ratio for 2021 was 8.88, a 19.42% 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.