• Toll Brothers average debt/equity ratio for 2024 was 0.38, a 15.56% decline from 2023.
• Toll Brothers average debt/equity ratio for 2023 was 0.45, a 23.73% decline from 2022.
• Toll Brothers average debt/equity ratio for 2022 was 0.59, a 18.06% 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.