• Icahn Enterprises average debt/equity ratio for 2023 was 1.02, a 41.67% increase from 2022.
• Icahn Enterprises average debt/equity ratio for 2022 was 0.72, a 11.11% increase from 2021.
• Icahn Enterprises average debt/equity ratio for 2021 was 0.81, a 6.9% 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.