• Interpublic Group Of average debt/equity ratio for 2023 was 0.77, a 6.1% decline from 2022.
• Interpublic Group Of average debt/equity ratio for 2022 was 0.82, a 9.89% decline from 2021.
• Interpublic Group Of average debt/equity ratio for 2021 was 0.91, a 26.02% 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.