• Beacon Roofing Supply average debt/equity ratio for 2023 was 1.07, a 20.22% increase from 2022.
• Beacon Roofing Supply average debt/equity ratio for 2022 was 0.89, a 7.23% increase from 2021.
• Beacon Roofing Supply average debt/equity ratio for 2021 was 0.83, a 43.92% 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.