• Ferrari average debt/equity ratio for 2023 was 0.91, a 21.55% increase from 2022.
• Ferrari average debt/equity ratio for 2022 was 1.16, a 4.13% decline from 2021.
• Ferrari average debt/equity ratio for 2021 was 1.21, a 28.4% 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.