• Disney average debt/equity ratio for 2023 was 0.42, a 10.64% decline from 2022.
• Disney average debt/equity ratio for 2022 was 0.47, a 12.96% decline from 2021.
• Disney average debt/equity ratio for 2021 was 0.54, a 3.57% 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.