• Western Digital average debt/equity ratio for 2023 was 0.59, a 1.72% decline from 2022.
• Western Digital average debt/equity ratio for 2022 was 0.58, a 22.67% increase from 2021.
• Western Digital average debt/equity ratio for 2021 was 0.75, a 21.88% 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.