• UnitedHealth Group average debt/equity ratio for 2023 was 0.67, a 11.67% decline from 2022.
• UnitedHealth Group average debt/equity ratio for 2022 was 0.6, a 3.45% increase from 2021.
• UnitedHealth Group average debt/equity ratio for 2021 was 0.58, a 1.69% 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.