• Glencore average debt/equity ratio for 2023 was 0.56, a 12% increase from 2022.
• Glencore average debt/equity ratio for 2022 was 0.5, a 35.9% increase from 2021.
• Glencore average debt/equity ratio for 2021 was 0.78, a 8.24% 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.