• Martin Marietta Materials average debt/equity ratio for 2023 was 0.55, a 20.29% decline from 2022.
• Martin Marietta Materials average debt/equity ratio for 2022 was 0.69, a 13.11% decline from 2021.
• Martin Marietta Materials average debt/equity ratio for 2021 was 0.61, a 29.79% 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.