• Pearson average debt/equity ratio for 2023 was 0.29, a 11.54% increase from 2022.
• Pearson average debt/equity ratio for 2022 was 0.26, a 13.33% increase from 2021.
• Pearson average debt/equity ratio for 2021 was 0.3, a 16.67% 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.