• Thermo Fisher Scientific average debt/equity ratio for 2023 was 0.68, a 1.45% decline from 2022.
• Thermo Fisher Scientific average debt/equity ratio for 2022 was 0.69, a 15% decline from 2021.
• Thermo Fisher Scientific average debt/equity ratio for 2021 was 0.6, a 6.25% 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.