• Swire Pacific average debt/equity ratio for 2023 was 0.21, a 23.53% decline from 2022.
• Swire Pacific average debt/equity ratio for 2022 was 0.17, a 21.43% increase from 2021.
• Swire Pacific average debt/equity ratio for 2021 was 0.14, a 30% 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.