• Hess average debt/equity ratio for 2023 was 0.93, a 13.08% decline from 2022.
• Hess average debt/equity ratio for 2022 was 1.07, a 13.71% decline from 2021.
• Hess average debt/equity ratio for 2021 was 1.24, a 4.2% 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.