• FactSet Research Systems average debt/equity ratio for 2023 was 1, a 18.03% decline from 2022.
• FactSet Research Systems average debt/equity ratio for 2022 was 1.22, a 117.86% decline from 2021.
• FactSet Research Systems average debt/equity ratio for 2021 was 0.56, a 18.84% 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.