• KLA average debt/equity ratio for 2023 was 1.97, a 28.62% decline from 2022.
• KLA average debt/equity ratio for 2022 was 2.76, a 187.5% decline from 2021.
• KLA average debt/equity ratio for 2021 was 0.96, a 26.15% 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.