• Charles Schwab average debt/equity ratio for 2023 was 0.62, a 21.57% decline from 2022.
• Charles Schwab average debt/equity ratio for 2022 was 0.51, a 54.55% increase from 2021.
• Charles Schwab average debt/equity ratio for 2021 was 0.33, a 22.22% 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.