Nexstar Broadcasting Group Inc (NXST)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,297,000 | 1,466,000 | 1,614,500 | 1,412,720 | 1,209,980 |
| Total current liabilities | US$ in thousands | 783,000 | 961,000 | 893,200 | 787,294 | 730,888 |
| Current ratio | 1.66 | 1.53 | 1.81 | 1.79 | 1.66 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,297,000K ÷ $783,000K
= 1.66
The current ratio of Nexstar Broadcasting Group Inc has displayed a generally positive trend over the past five years. Starting at 1.66 in December 31, 2020, the ratio increased to 1.79 in December 31, 2021, and further to 1.81 in December 31, 2022. However, there was a slight decrease to 1.53 in December 31, 2023, before rebounding to 1.66 in December 31, 2024.
Overall, the current ratio indicates that Nexstar Broadcasting Group Inc has been able to maintain a healthy level of current assets relative to its current liabilities, with the ratio consistently above 1.0 during the period under review. This suggests the company has a sufficient buffer to cover its short-term obligations and indicates a lower risk of financial distress in the near term.
Peer comparison
Dec 31, 2024