• Topicus average debt/equity ratio for 2024 was 0.24, a 26.32% decline from 2023.
• Topicus average debt/equity ratio for 2023 was 0.19, a 44.12% increase from 2022.
• Topicus average debt/equity ratio for 2022 was 0.34, a 6.25% 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.