• Republic Services average debt/equity ratio for 2023 was 1.13, a 3.42% decline from 2022.
• Republic Services average debt/equity ratio for 2022 was 1.17, a 13.59% decline from 2021.
• Republic Services average debt/equity ratio for 2021 was 1.03, a 1.9% 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.