• Microsoft average debt/equity ratio for 2023 was 0.2, a 25.93% decline from 2022.
• Microsoft average debt/equity ratio for 2022 was 0.27, a 20.59% decline from 2021.
• Microsoft average debt/equity ratio for 2021 was 0.34, a 29.17% 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.