• TIM S.A average debt/equity ratio for 2024 was 0.52, a 1.89% increase from 2023.
• TIM S.A average debt/equity ratio for 2023 was 0.53, a 5.36% decline from 2022.
• TIM S.A average debt/equity ratio for 2022 was 0.56, a 40% 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.