• TDK average debt/equity ratio for 2023 was 0.28, a 9.68% decline from 2022.
• TDK average debt/equity ratio for 2022 was 0.31, a 34.78% decline from 2021.
• TDK average debt/equity ratio for 2021 was 0.23, a 15% 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.