• Kroger average debt/equity ratio for 2023 was 1.14, a 14.29% decline from 2022.
• Kroger average debt/equity ratio for 2022 was 1.33, a 2.21% decline from 2021.
• Kroger average debt/equity ratio for 2021 was 1.36, a 4.62% 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.