• Procter & Gamble average debt/equity ratio for 2011-09-30 was 0, a 0% decline from 2011-12-31.
• Procter & Gamble average debt/equity ratio for 2011-12-31 was 0, a 0% decline from 2012-03-31.
• Procter & Gamble average debt/equity ratio for 2012-03-31 was 0, a 0% decline from 2012-06-30.

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.