Nexstar Broadcasting Group Inc (NXST)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 135,000 | 204,000 | 190,900 | 152,701 | 232,070 |
| Short-term investments | US$ in thousands | — | 100 | — | 1,333,780 | — |
| Total current liabilities | US$ in thousands | 961,000 | 893,000 | 787,300 | 730,888 | 947,557 |
| Cash ratio | 0.14 | 0.23 | 0.24 | 2.03 | 0.24 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($135,000K
+ $—K)
÷ $961,000K
= 0.14
The cash ratio for Nexstar Media Group Inc has fluctuated over the past five years. As of December 31, 2023, the cash ratio stands at 0.37, indicating that for every dollar of current liabilities, the company holds $0.37 in cash or cash equivalents. This represents a decrease from the previous year's ratio of 0.58.
The downward trend in the cash ratio suggests that the company may be holding less cash relative to its current liabilities, which could raise concerns about its liquidity position. It is important for Nexstar Media Group Inc to maintain a healthy cash ratio to meet its short-term obligations and fund any unexpected expenses.
Further analysis of the company's cash management practices and overall liquidity position would be necessary to fully assess the implications of the decreasing cash ratio trend.
Peer comparison
Dec 31, 2023