• Leidos Holdings average debt/equity ratio for 2023 was 1.07, a 7% decline from 2022.
• Leidos Holdings average debt/equity ratio for 2022 was 1, a 10.71% increase from 2021.
• Leidos Holdings average debt/equity ratio for 2021 was 1.12, a 6.67% 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.