• Fifth Third Bancorp average debt/equity ratio for 2023 was 0.81, a 24.62% increase from 2022.
• Fifth Third Bancorp average debt/equity ratio for 2022 was 0.65, a 16.07% increase from 2021.
• Fifth Third Bancorp average debt/equity ratio for 2021 was 0.56, a 20% 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.