• Halma average debt/equity ratio for 2023 was 0.41, a 46.43% decline from 2022.
• Halma average debt/equity ratio for 2022 was 0.28, a 0% increase from 2021.
• Halma average debt/equity ratio for 2021 was 0.28, a 3.45% 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.