• Simon Property average debt/equity ratio for 2023 was 7.44, a 7.05% decline from 2022.
• Simon Property average debt/equity ratio for 2022 was 6.95, a 0.43% increase from 2021.
• Simon Property average debt/equity ratio for 2021 was 6.92, a 35.39% 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.