• Sun Communities average debt/equity ratio for 2023 was 0.96, a 10.34% decline from 2022.
• Sun Communities average debt/equity ratio for 2022 was 0.87, a 26.09% increase from 2021.
• Sun Communities average debt/equity ratio for 2021 was 0.69, a 16.87% 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.