• Telenor average debt/equity ratio for 2023 was 0.94, a 62.55% increase from 2022.
• Telenor average debt/equity ratio for 2022 was 2.51, a 10.99% decline from 2021.
• Telenor average debt/equity ratio for 2021 was 2.82, a 8.05% 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.