EW Scripps has 3.23 B in debt with debt to equity (D/E) ratio of 1.63, which is OK given its current industry classification. The entity has a current ratio of 1.34, which is typical for the industry and considered as normal. Debt can assist EW Scripps until it has trouble settling it off, either with new capital or with free cash flow. So, EW Scripps' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like EW Scripps sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for EW Scripps to invest in growth at high rates of return. When we think about EW Scripps' use of debt, we should always consider it together with cash and equity.EW Scripps is UNDERVALUED at 17.82 per share with modest projections ahead.