• Synovus Financial average debt/equity ratio for 2023 was 0.72, a 14.29% decline from 2022.
• Synovus Financial average debt/equity ratio for 2022 was 0.63, a 173.91% increase from 2021.
• Synovus Financial average debt/equity ratio for 2021 was 0.23, a 43.9% 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.