• International Paper average debt/equity ratio for 2023 was 0.65, a 14.04% decline from 2022.
• International Paper average debt/equity ratio for 2022 was 0.57, a 31.33% increase from 2021.
• International Paper average debt/equity ratio for 2021 was 0.83, a 33.06% 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.