• Celestica average debt/equity ratio for 2023 was 0.43, a 8.51% increase from 2022.
• Celestica average debt/equity ratio for 2022 was 0.47, a 23.68% decline from 2021.
• Celestica average debt/equity ratio for 2021 was 0.38, a 2.7% 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.