• Vornado Realty Trust average debt/equity ratio for 2023 was 1.37, a 4.58% decline from 2022.
• Vornado Realty Trust average debt/equity ratio for 2022 was 1.31, a 5.65% increase from 2021.
• Vornado Realty Trust average debt/equity ratio for 2021 was 1.24, a 12.73% 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.