• SSE average debt/equity ratio for 2023 was 0.68, a 19.05% decline from 2022.
• SSE average debt/equity ratio for 2022 was 0.84, a 25.66% decline from 2021.
• SSE average debt/equity ratio for 2021 was 1.13, a 32.34% 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.