• Encompass Health average debt/equity ratio for 2023 was 1.3, a 9.09% decline from 2022.
• Encompass Health average debt/equity ratio for 2022 was 1.43, a 0.69% decline from 2021.
• Encompass Health average debt/equity ratio for 2021 was 1.44, a 21.31% 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.