• Ross Stores average debt/equity ratio for 2023 was 0.54, a 10% decline from 2022.
• Ross Stores average debt/equity ratio for 2022 was 0.6, a 10.45% decline from 2021.
• Ross Stores average debt/equity ratio for 2021 was 0.67, a 6.35% 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.