• Trip Group average debt/equity ratio for 2024 was 0.13, a 13.33% decline from 2023.
• Trip Group average debt/equity ratio for 2023 was 0.15, a 6.25% decline from 2022.
• Trip Group average debt/equity ratio for 2022 was 0.16, a 0% decline 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.