• Prologis average debt/equity ratio for 2023 was 0.47, a 4.44% increase from 2022.
• Prologis average debt/equity ratio for 2022 was 0.45, a 4.26% increase from 2021.
• Prologis average debt/equity ratio for 2021 was 0.47, a 6.82% 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.