• Rentokil Initial average debt/equity ratio for 2023 was 0.83, a 42.76% decline from 2022.
• Rentokil Initial average debt/equity ratio for 2022 was 1.45, a 36.79% decline from 2021.
• Rentokil Initial average debt/equity ratio for 2021 was 1.06, a 5.36% 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.