• Wells Fargo average debt/equity ratio for 2023 was 1.01, a 14.77% decline from 2022.
• Wells Fargo average debt/equity ratio for 2022 was 0.88, a 2.22% increase from 2021.
• Wells Fargo average debt/equity ratio for 2021 was 0.9, a 26.83% 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.