Nexstar Broadcasting Group Inc (NXST)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,466,000 | 1,615,000 | 1,412,700 | 1,209,980 | 1,351,770 |
| Total current liabilities | US$ in thousands | 961,000 | 893,000 | 787,300 | 730,888 | 947,557 |
| Current ratio | 1.53 | 1.81 | 1.79 | 1.66 | 1.43 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,466,000K ÷ $961,000K
= 1.53
The current ratio of Nexstar Media Group Inc has displayed some fluctuations over the past five years. The ratio decreased from 1.43 in 2019 to 1.66 in 2020 before declining further to 1.79 in 2021. However, there was a slight improvement in 2022 when the current ratio reached 1.81, followed by a drop to 1.53 in 2023. Overall, the current ratio has been within a reasonable range above 1, indicating that the company has had sufficient current assets to cover its current liabilities in each of the years analyzed. While the recent decrease in the current ratio may raise some concerns about liquidity, further analysis of the company's current asset and liability composition is necessary to gain a deeper understanding of its financial health.
Peer comparison
Dec 31, 2023