• Clorox average debt/equity ratio for 2023 was 12.77, a 205.5% decline from 2022.
• Clorox average debt/equity ratio for 2022 was 4.18, a 18.08% increase from 2021.
• Clorox average debt/equity ratio for 2021 was 3.54, a 37.74% 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.