• Evergy average debt/equity ratio for 2023 was 1.05, a 5% increase from 2022.
• Evergy average debt/equity ratio for 2022 was 1, a 1.96% increase from 2021.
• Evergy average debt/equity ratio for 2021 was 1.02, a 4.67% 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.