• Techtronic Industries average debt/equity ratio for 2022 was 0.25, a 13.64% increase from 2021.
• Techtronic Industries average debt/equity ratio for 2021 was 0.22, a 12% increase from 2020.
• Techtronic Industries average debt/equity ratio for 2020 was 0.25, a 13.64% decline from 2019.

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.