• Primo Brands average debt/equity ratio for 2023 was 288.34, a 29025.25% decline from 2022.
• Primo Brands average debt/equity ratio for 2022 was 0.99, a 1% increase from 2021.
• Primo Brands average debt/equity ratio for 2021 was 1, a 6.38% 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.