• General Dynamics average debt/equity ratio for 2023 was 0.46, a 14.81% decline from 2022.
• General Dynamics average debt/equity ratio for 2022 was 0.54, a 20.59% decline from 2021.
• General Dynamics average debt/equity ratio for 2021 was 0.68, a 10.53% 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.