• Honda average debt/equity ratio for 2023 was 0.41, a 2.38% increase from 2022.
• Honda average debt/equity ratio for 2022 was 0.42, a 10.64% decline from 2021.
• Honda average debt/equity ratio for 2021 was 0.47, a 9.62% 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.