• Industrial & Commercial Bank Of China average debt/equity ratio for 2023 was 1.25, a 2.46% increase from 2022.
• Industrial & Commercial Bank Of China average debt/equity ratio for 2022 was 1.22, a 2.4% increase from 2021.
• Industrial & Commercial Bank Of China average debt/equity ratio for 2021 was 1.25, a 1.57% 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.