• W.W Grainger average debt/equity ratio for 2023 was 0.7, a 23.91% decline from 2022.
• W.W Grainger average debt/equity ratio for 2022 was 0.92, a 17.86% decline from 2021.
• W.W Grainger average debt/equity ratio for 2021 was 1.12, a 15.79% 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.