• Cathay Pacific Airways average debt/equity ratio for 2023 was 0.94, a 2.08% decline from 2022.
• Cathay Pacific Airways average debt/equity ratio for 2022 was 0.96, a 4% decline from 2021.
• Cathay Pacific Airways average debt/equity ratio for 2021 was 1, a 112.77% 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.