• Petroleo Brasileiro S.A.- Petrobras average debt/equity ratio for 2023 was 0.62, a 3.33% increase from 2022.
• Petroleo Brasileiro S.A.- Petrobras average debt/equity ratio for 2022 was 0.6, a 29.41% increase from 2021.
• Petroleo Brasileiro S.A.- Petrobras average debt/equity ratio for 2021 was 0.85, a 47.53% 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.