• AT&T average debt/equity ratio for 2023 was 1.1, a 8.91% decline from 2022.
• AT&T average debt/equity ratio for 2022 was 1.01, a 17.44% increase from 2021.
• AT&T average debt/equity ratio for 2021 was 0.86, a 7.5% 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.