• Waste Management average debt/equity ratio for 2023 was 2.21, a 12.18% decline from 2022.
• Waste Management average debt/equity ratio for 2022 was 1.97, a 11.93% increase from 2021.
• Waste Management average debt/equity ratio for 2021 was 1.76, a 7.32% 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.