• Commercial Metals average debt/equity ratio for 2023 was 0.27, a 27.03% decline from 2022.
• Commercial Metals average debt/equity ratio for 2022 was 0.37, a 19.57% decline from 2021.
• Commercial Metals average debt/equity ratio for 2021 was 0.46, a 23.33% decline 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.