Nexstar Broadcasting Group Inc (NXST)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 144,000 | 181,000 | 146,000 | 237,000 | 147,000 | 150,000 | 346,000 | 413,000 | 204,100 | 346,600 | 276,400 | 326,200 | 190,868 | 193,831 | 313,269 | 339,777 | 152,701 | 409,906 | 664,624 | 434,067 |
| Short-term investments | US$ in thousands | 1,106,000 | — | — | — | — | — | — | — | — | — | — | — | — | 1,188,760 | — | 1,185,540 | 1,333,780 | 1,313,860 | — | — |
| Total current liabilities | US$ in thousands | 783,000 | 846,000 | 828,000 | 831,000 | 961,000 | 852,000 | 836,000 | 864,000 | 893,200 | 915,100 | 745,600 | 733,500 | 787,294 | 711,018 | 638,968 | 729,662 | 730,888 | 671,742 | 822,329 | 915,998 |
| Cash ratio | 1.60 | 0.21 | 0.18 | 0.29 | 0.15 | 0.18 | 0.41 | 0.48 | 0.23 | 0.38 | 0.37 | 0.44 | 0.24 | 1.94 | 0.49 | 2.09 | 2.03 | 2.57 | 0.81 | 0.47 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($144,000K
+ $1,106,000K)
÷ $783,000K
= 1.60
The cash ratio of Nexstar Broadcasting Group Inc has displayed fluctuations over the past few years, indicating varying levels of liquidity.
The ratio was relatively low in the earlier quarters of 2020 but showed a significant increase by the end of September 2020, reaching 2.57, suggesting the company had a strong ability to cover its short-term liabilities with cash on hand at that time.
From December 2020 to March 2021, the cash ratio remained above 2, indicating a healthy liquidity position. However, there was a decline in the ratio in the second quarter of 2021, dropping to 0.49. This decrease suggests a potential decrease in the company's ability to cover its short-term obligations solely with its cash reserves.
Throughout 2022 and 2023, the cash ratio fluctuates within a moderate range, indicating some variability in the company's liquidity position. However, there were quarters where the ratio fell below 1, which could raise concerns about the company's ability to meet its short-term obligations using its cash reserves alone.
By the end of 2024, the cash ratio spiked significantly to 1.60, indicating a notable improvement in the company's liquidity position compared to the earlier quarters of that year.
Overall, while there have been fluctuations, Nexstar Broadcasting Group Inc has generally maintained a reasonable level of liquidity throughout the period, with some quarters showing stronger cash positions than others.
Peer comparison
Dec 31, 2024