• Land Securities Group average debt/equity ratio for 2023 was 0.45, a 4.26% decline from 2022.
• Land Securities Group average debt/equity ratio for 2022 was 0.47, a 27.03% decline from 2021.
• Land Securities Group average debt/equity ratio for 2021 was 0.37, a 15.91% 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.