• Lear average debt/equity ratio for 2023 was 0.54, a 3.57% increase from 2022.
• Lear average debt/equity ratio for 2022 was 0.56, a 16.67% decline from 2021.
• Lear average debt/equity ratio for 2021 was 0.48, a 11.11% 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.