• Orion OYJ average debt/equity ratio for 2023 was 0.23, a 9.52% increase from 2022.
• Orion OYJ average debt/equity ratio for 2022 was 0.21, a 40% increase from 2021.
• Orion OYJ average debt/equity ratio for 2021 was 0.15, a 7.14% increase 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.