• DCC average debt/equity ratio for 2023 was 0.67, a 6.94% increase from 2022.
• DCC average debt/equity ratio for 2022 was 0.72, a 7.46% decline from 2021.
• DCC average debt/equity ratio for 2021 was 0.67, a 16.25% 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.