• Kubota average debt/equity ratio for 2023 was 0.55, a 27.91% decline from 2022.
• Kubota average debt/equity ratio for 2022 was 0.43, a 38.71% increase from 2021.
• Kubota average debt/equity ratio for 2021 was 0.31, a 13.89% 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.