• Tetra Tech average debt/equity ratio for 2023 was 0.66, a 247.37% decline from 2022.
• Tetra Tech average debt/equity ratio for 2022 was 0.19, a 0% increase from 2021.
• Tetra Tech average debt/equity ratio for 2021 was 0.19, a 32.14% decline 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.