• Mizuho Financial average debt/equity ratio for 2023 was 1.39, a 8.59% decline from 2022.
• Mizuho Financial average debt/equity ratio for 2022 was 1.28, a 16.36% increase from 2021.
• Mizuho Financial average debt/equity ratio for 2021 was 1.1, a 7.84% 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.