• Ventas average debt/equity ratio for 2023 was 1.33, a 13.68% increase from 2022.
• Ventas average debt/equity ratio for 2022 was 1.17, a 3.54% increase from 2021.
• Ventas average debt/equity ratio for 2021 was 1.13, a 6.61% 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.