• Cooper average debt/equity ratio for 2023 was 0.34, a 3.03% decline from 2022.
• Cooper average debt/equity ratio for 2022 was 0.33, a 57.14% increase from 2021.
• Cooper average debt/equity ratio for 2021 was 0.21, a 40% 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.