• Main Street Capital average debt/equity ratio for 2023 was 0.15, a 11.76% decline from 2022.
• Main Street Capital average debt/equity ratio for 2022 was 0.17, a 10.53% decline from 2021.
• Main Street Capital average debt/equity ratio for 2021 was 0.19, a 13.64% 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.