• Genuine Parts average debt/equity ratio for 2023 was 0.76, a 13.64% decline from 2022.
• Genuine Parts average debt/equity ratio for 2022 was 0.88, a 18.92% decline from 2021.
• Genuine Parts average debt/equity ratio for 2021 was 0.74, a 13.95% increase 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.