• Gerdau S.A average debt/equity ratio for 2023 was 0.21, a 4.55% decline from 2022.
• Gerdau S.A average debt/equity ratio for 2022 was 0.22, a 47.62% decline from 2021.
• Gerdau S.A average debt/equity ratio for 2021 was 0.42, a 26.32% 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.