• Verizon average debt/equity ratio for 2023 was 1.44, a 7.69% decline from 2022.
• Verizon average debt/equity ratio for 2022 was 1.56, a 17.46% decline from 2021.
• Verizon average debt/equity ratio for 2021 was 1.89, a 10.53% 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.