• Stifel Financial average debt/equity ratio for 2023 was 0.3, a 3.45% decline from 2022.
• Stifel Financial average debt/equity ratio for 2022 was 0.29, a 9.38% increase from 2021.
• Stifel Financial average debt/equity ratio for 2021 was 0.32, a 30.43% 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.