• Whirlpool average debt/equity ratio for 2023 was 2.9, a 88.31% decline from 2022.
• Whirlpool average debt/equity ratio for 2022 was 1.54, a 57.14% increase from 2021.
• Whirlpool average debt/equity ratio for 2021 was 0.98, a 15.52% 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.