• Charles River Laboratories average debt/equity ratio for 2023 was 0.8, a 23.81% decline from 2022.
• Charles River Laboratories average debt/equity ratio for 2022 was 1.05, a 5.41% decline from 2021.
• Charles River Laboratories average debt/equity ratio for 2021 was 1.11, a 4.31% 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.