• PTC average debt/equity ratio for 2023 was 0.72, a 18.03% decline from 2022.
• PTC average debt/equity ratio for 2022 was 0.61, a 24.69% increase from 2021.
• PTC average debt/equity ratio for 2021 was 0.81, a 3.85% 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.