Nexstar Broadcasting Group Inc (NXST)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 144,000 | 147,000 | 204,100 | 190,868 | 152,701 |
| Short-term investments | US$ in thousands | — | — | — | — | 1,333,780 |
| Total current liabilities | US$ in thousands | 783,000 | 961,000 | 893,200 | 787,294 | 730,888 |
| Cash ratio | 0.18 | 0.15 | 0.23 | 0.24 | 2.03 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($144,000K
+ $—K)
÷ $783,000K
= 0.18
The cash ratio of Nexstar Broadcasting Group Inc has shown a decline over the years, decreasing from 2.03 in December 31, 2020 to 0.18 in December 31, 2024. This indicates that the company's ability to cover its short-term liabilities solely with its cash and cash equivalents has weakened. A decreasing trend in the cash ratio may suggest that the company is less capable of meeting its immediate financial obligations using available cash resources alone. It is important for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024