• Crocs average debt/equity ratio for 2023 was 1.69, a 67.31% decline from 2022.
• Crocs average debt/equity ratio for 2022 was 5.17, a 65.04% decline from 2021.
• Crocs average debt/equity ratio for 2021 was 14.79, a 785.63% 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.