Nexstar Broadcasting Group Inc (NXST)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,297,000 | 1,421,000 | 1,472,000 | 1,494,000 | 1,466,000 | 1,340,000 | 1,573,000 | 1,698,000 | 1,614,500 | 1,666,300 | 1,455,000 | 1,482,000 | 1,412,720 | 1,311,550 | 1,393,090 | 1,376,120 | 1,209,980 | 1,341,210 | 1,542,780 | 1,514,290 |
| 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 |
| Current ratio | 1.66 | 1.68 | 1.78 | 1.80 | 1.53 | 1.57 | 1.88 | 1.97 | 1.81 | 1.82 | 1.95 | 2.02 | 1.79 | 1.84 | 2.18 | 1.89 | 1.66 | 2.00 | 1.88 | 1.65 |
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 shown fluctuations over the past few years, ranging from a low of 1.53 to a high of 2.18. The ratio indicates the company's ability to meet its short-term liabilities with its current assets. A ratio above 1 suggests the company has more than enough current assets to cover its current liabilities.
Looking at the trend, the current ratio improved steadily from March 2020 to June 2021, peaking at 2.18 in June 2021. However, from September 2021 to December 2024, the ratio experienced some volatility, with occasional declines and recoveries. The company's ability to meet its short-term obligations appears to have fluctuated during this period.
Overall, the current ratio of Nexstar Broadcasting Group Inc has generally remained above 1, indicating a healthy liquidity position, but the fluctuations suggest the need for continued monitoring of the company's ability to cover its short-term liabilities with its current assets.
Peer comparison
Dec 31, 2024