• Emerson Electric average debt/equity ratio for 2023 was 0.34, a 40.35% decline from 2022.
• Emerson Electric average debt/equity ratio for 2022 was 0.57, a 14.93% decline from 2021.
• Emerson Electric average debt/equity ratio for 2021 was 0.67, a 1.52% 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.