• FMC average debt/equity ratio for 2023 was 0.79, a 7.06% decline from 2022.
• FMC average debt/equity ratio for 2022 was 0.85, a 1.16% decline from 2021.
• FMC average debt/equity ratio for 2021 was 0.86, a 21.1% 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.