• Toast average debt/equity ratio for 2020-09-30 was 0, a 0% decline from 2020-12-31.
• Toast average debt/equity ratio for 2020-12-31 was 0, a 0% decline from 2021-03-31.
• Toast average debt/equity ratio for 2021-03-31 was 0, a 0% decline from 2021-06-30.

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.