• Welltower average debt/equity ratio for 2023 was 0.68, a 9.33% decline from 2022.
• Welltower average debt/equity ratio for 2022 was 0.75, a 6.25% decline from 2021.
• Welltower average debt/equity ratio for 2021 was 0.8, a 3.61% 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.