• EchoStar average price to free cash flow ratio for 2023 was 8.62, a 130.48% decline from 2022.
• EchoStar average price to free cash flow ratio for 2022 was 3.74, a 76.77% increase from 2021.
• EchoStar average price to free cash flow ratio for 2021 was 16.1, a 26.05% decline from 2020.

Price to free cash flow ratio can be defined as