• Coterra Energy average debt/equity ratio for 2023 was 0.15, a 28.57% increase from 2022.
• Coterra Energy average debt/equity ratio for 2022 was 0.21, a 44.74% decline from 2021.
• Coterra Energy average debt/equity ratio for 2021 was 0.38, a 17.39% 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.