• Stryker average debt/equity ratio for 2023 was 0.63, a 22.22% decline from 2022.
• Stryker average debt/equity ratio for 2022 was 0.81, a 10.99% decline from 2021.
• Stryker average debt/equity ratio for 2021 was 0.91, a 1.11% 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.