• Dollar General average debt/equity ratio for 2023 was 1.15, a 53.33% decline from 2022.
• Dollar General average debt/equity ratio for 2022 was 0.75, a 13.64% increase from 2021.
• Dollar General average debt/equity ratio for 2021 was 0.66, a 24.53% 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.