• Honeywell average debt/equity ratio for 2023 was 0.94, a 30.56% increase from 2022.
• Honeywell average debt/equity ratio for 2022 was 0.72, a 13.25% increase from 2021.
• Honeywell average debt/equity ratio for 2021 was 0.83, a 5.68% 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.