• JPMorgan Chase average debt/equity ratio for 2023 was 1.12, a 10.89% increase from 2022.
• JPMorgan Chase average debt/equity ratio for 2022 was 1.01, a 1.94% increase from 2021.
• JPMorgan Chase average debt/equity ratio for 2021 was 1.03, a 6.36% 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.