• Colruyt SA average debt/equity ratio for 2023 was 0.31, a 19.23% decline from 2022.
• Colruyt SA average debt/equity ratio for 2022 was 0.26, a 62.5% increase from 2021.
• Colruyt SA average debt/equity ratio for 2021 was 0.16, a 433.33% 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.