• Huntington Bancshares average debt/equity ratio for 2023 was 0.7, a 45.83% increase from 2022.
• Huntington Bancshares average debt/equity ratio for 2022 was 0.48, a 14.29% increase from 2021.
• Huntington Bancshares average debt/equity ratio for 2021 was 0.42, a 43.24% 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.