• Naspers average debt/equity ratio for 2022 was 0.35, a 75% increase from 2021.
• Naspers average debt/equity ratio for 2021 was 0.2, a 33.33% increase from 2020.
• Naspers average debt/equity ratio for 2020 was 0.15, a 25% increase from 2019.

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.