• Owens Corning Inc average debt/equity ratio for 2023 was 0.58, a 12.12% increase from 2022.
• Owens Corning Inc average debt/equity ratio for 2022 was 0.66, a 9.59% decline from 2021.
• Owens Corning Inc average debt/equity ratio for 2021 was 0.73, a 14.12% 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.