• Olin average debt/equity ratio for 2023 was 1.12, a 14.29% increase from 2022.
• Olin average debt/equity ratio for 2022 was 0.98, a 34.23% increase from 2021.
• Olin average debt/equity ratio for 2021 was 1.49, a 31.65% 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.