• Sempra Energy average debt/equity ratio for 2023 was 0.84, a 1.18% increase from 2022.
• Sempra Energy average debt/equity ratio for 2022 was 0.85, a 2.41% decline from 2021.
• Sempra Energy average debt/equity ratio for 2021 was 0.83, a 4.6% 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.