• Duke Energy average debt/equity ratio for 2023 was 1.38, a 11.29% increase from 2022.
• Duke Energy average debt/equity ratio for 2022 was 1.24, a 8.77% increase from 2021.
• Duke Energy average debt/equity ratio for 2021 was 1.14, a 2.56% 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.