• Clean Harbors average debt/equity ratio for 2023 was 1.1, a 22.54% decline from 2022.
• Clean Harbors average debt/equity ratio for 2022 was 1.42, a 14.52% decline from 2021.
• Clean Harbors average debt/equity ratio for 2021 was 1.24, a 1.59% 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.