• Centrica average debt/equity ratio for 2023 was 0.67, a 65.64% decline from 2022.
• Centrica average debt/equity ratio for 2022 was 1.95, a 57.26% decline from 2021.
• Centrica average debt/equity ratio for 2021 was 1.24, a 62.65% 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.