• State Street average debt/equity ratio for 2024 was 0.84, a 13.51% increase from 2023.
• State Street average debt/equity ratio for 2023 was 0.74, a 34.55% increase from 2022.
• State Street average debt/equity ratio for 2022 was 0.55, a 7.84% increase from 2021.

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.