• KBR average debt/equity ratio for 2023 was 1.02, a 3.77% increase from 2022.
• KBR average debt/equity ratio for 2022 was 1.06, a 1.92% decline from 2021.
• KBR average debt/equity ratio for 2021 was 1.04, a 36.84% increase 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.