• Dominion Energy average debt/equity ratio for 2023 was 1.3, a 0% increase from 2022.
• Dominion Energy average debt/equity ratio for 2022 was 1.3, a 2.36% decline from 2021.
• Dominion Energy average debt/equity ratio for 2021 was 1.27, a 7.63% 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.