• Ntt Data average debt/equity ratio for 2023 was 0.58, a 123.08% decline from 2022.
• Ntt Data average debt/equity ratio for 2022 was 0.26, a 29.73% increase from 2021.
• Ntt Data average debt/equity ratio for 2021 was 0.37, a 15.91% 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.