• Gold Fields average debt/equity ratio for 2023 was 0.21, a 36.36% increase from 2022.
• Gold Fields average debt/equity ratio for 2022 was 0.33, a 15.38% decline from 2021.
• Gold Fields average debt/equity ratio for 2021 was 0.39, a 15.22% 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.