• Nexstar Media average debt/equity ratio for 2023 was 2.74, a 11.84% increase from 2022.
• Nexstar Media average debt/equity ratio for 2022 was 2.45, a 12.81% increase from 2021.
• Nexstar Media average debt/equity ratio for 2021 was 2.81, a 19.25% decline 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.