• Topicus average debt/equity ratio for 2021-06-30 was 0, a 0% decline from 2021-09-30.
• Topicus average debt/equity ratio for 2021-09-30 was 0, a 0% decline from 2021-12-31.
• Topicus average debt/equity ratio for 2021-12-31 was 0, a 0% decline from 2022-03-31.

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.