• Fresnillo average debt/equity ratio for 2022 was 0.27, a 12.9% decline from 2021.
• Fresnillo average debt/equity ratio for 2021 was 0.31, a 6.9% decline from 2020.
• Fresnillo average debt/equity ratio for 2020 was 0.29, a 11.54% increase from 2019.

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.