• Truist Financial average debt/equity ratio for 2023 was 0.79, a 41.07% decline from 2022.
• Truist Financial average debt/equity ratio for 2022 was 0.56, a 1.82% increase from 2021.
• Truist Financial average debt/equity ratio for 2021 was 0.55, a 20.29% 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.