• United States Cellular average debt/equity ratio for 2023 was 0.67, a 2.9% decline from 2022.
• United States Cellular average debt/equity ratio for 2022 was 0.69, a 13.11% decline from 2021.
• United States Cellular average debt/equity ratio for 2021 was 0.61, a 38.64% increase 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.