• Marriott average debt/equity ratio for 2023 was 18.39, a 113.84% decline from 2022.
• Marriott average debt/equity ratio for 2022 was 8.6, a 49.85% increase from 2021.
• Marriott average debt/equity ratio for 2021 was 17.15, a 7.73% 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.