• Microchip Technology average debt/equity ratio for 2023 was 0.66, a 43.1% increase from 2022.
• Microchip Technology average debt/equity ratio for 2022 was 1.16, a 19.44% decline from 2021.
• Microchip Technology average debt/equity ratio for 2021 was 1.44, a 3.36% 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.