• Equinix average debt/equity ratio for 2023 was 1.27, a 3.05% decline from 2022.
• Equinix average debt/equity ratio for 2022 was 1.31, a 3.97% decline from 2021.
• Equinix average debt/equity ratio for 2021 was 1.26, a 11.5% 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.