• Mohawk Industries average debt/equity ratio for 2024 was 0.22, a 12% decline from 2023.
• Mohawk Industries average debt/equity ratio for 2023 was 0.25, a 56.25% decline from 2022.
• Mohawk Industries average debt/equity ratio for 2022 was 0.16, a 20% increase from 2021.

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.