• RPM average debt/equity ratio for 2023 was 1.15, a 2.54% decline from 2022.
• RPM average debt/equity ratio for 2022 was 1.18, a 12.59% decline from 2021.
• RPM average debt/equity ratio for 2021 was 1.35, a 20.59% 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.