• Heico average debt/equity ratio for 2023 was 0.43, a 290.91% increase from 2022.
• Heico average debt/equity ratio for 2022 was 0.11, a 50% increase from 2021.
• Heico average debt/equity ratio for 2021 was 0.22, a 38.89% 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.