• Everest Group average debt/equity ratio for 2023 was 0.29, a 19.44% decline from 2022.
• Everest Group average debt/equity ratio for 2022 was 0.36, a 63.64% decline from 2021.
• Everest Group average debt/equity ratio for 2021 was 0.22, a 100% 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.