• Quanta Services average debt/equity ratio for 2023 was 0.68, a 6.85% decline from 2022.
• Quanta Services average debt/equity ratio for 2022 was 0.73, a 48.98% decline from 2021.
• Quanta Services average debt/equity ratio for 2021 was 0.49, a 48.48% increase 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.