• EQT average debt/equity ratio for 2023 was 0.38, a 24% increase from 2022.
• EQT average debt/equity ratio for 2022 was 0.5, a 13.79% decline from 2021.
• EQT average debt/equity ratio for 2021 was 0.58, a 11.54% 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.