• TKOs average debt/equity ratio for 2023 was 0.44, a 76.47% decline from 2022.
• TKOs average debt/equity ratio for 2022 was 1.87, a 73.15% decline from 2021.
• TKOs average debt/equity ratio for 2021 was 1.08, a 4.42% 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.