• WESCO average debt/equity ratio for 2023 was 1.13, a 7.38% decline from 2022.
• WESCO average debt/equity ratio for 2022 was 1.22, a 3.94% decline from 2021.
• WESCO average debt/equity ratio for 2021 was 1.27, a 1.55% 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.