• Imperial Tobacco Group average debt/equity ratio for 2022 was 1.28, a 23.81% decline from 2021.
• Imperial Tobacco Group average debt/equity ratio for 2021 was 1.68, a 16.83% decline from 2020.
• Imperial Tobacco Group average debt/equity ratio for 2020 was 2.02, a 3.06% decline from 2019.

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.