• Estee Lauder average debt/equity ratio for 2023 was 1.16, a 30.34% increase from 2022.
• Estee Lauder average debt/equity ratio for 2022 was 0.89, a 1.11% increase from 2021.
• Estee Lauder average debt/equity ratio for 2021 was 0.9, a 16.67% 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.