• Entergy average debt/equity ratio for 2023 was 1.76, a 13.3% decline from 2022.
• Entergy average debt/equity ratio for 2022 was 2.03, a 6.02% decline from 2021.
• Entergy average debt/equity ratio for 2021 was 2.16, a 20% 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.