• Deutsche Lufthansa AG average debt/equity ratio for 2023 was 1.35, a 29.32% decline from 2022.
• Deutsche Lufthansa AG average debt/equity ratio for 2022 was 1.91, a 57.65% decline from 2021.
• Deutsche Lufthansa AG average debt/equity ratio for 2021 was 4.51, a 25.28% 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.