• Weatherford average debt/equity ratio for 2023 was 2.7, a 44.67% decline from 2022.
• Weatherford average debt/equity ratio for 2022 was 4.88, a 28.08% decline from 2021.
• Weatherford average debt/equity ratio for 2021 was 3.81, a 92.42% increase 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.