• Sterling Infrastructure average debt/equity ratio for 2023 was 0.6, a 38.14% decline from 2022.
• Sterling Infrastructure average debt/equity ratio for 2022 was 0.97, a 7.62% decline from 2021.
• Sterling Infrastructure average debt/equity ratio for 2021 was 1.05, a 27.59% 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.