• Mattel average debt/equity ratio for 2023 was 1.15, a 9.45% decline from 2022.
• Mattel average debt/equity ratio for 2022 was 1.27, a 65.58% decline from 2021.
• Mattel average debt/equity ratio for 2021 was 3.69, a 73.83% 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.