Nexstar Broadcasting Group Inc (NXST)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,466,000 | 1,340,000 | 1,573,000 | 1,698,000 | 1,615,000 | 1,666,300 | 1,455,000 | 1,482,000 | 1,412,700 | 1,311,550 | 1,393,090 | 1,376,120 | 1,209,980 | 1,341,210 | 1,542,780 | 1,514,290 | 1,351,770 | 1,435,620 | 775,948 | 743,519 |
| Total current liabilities | US$ in thousands | 961,000 | 852,000 | 836,000 | 864,000 | 893,000 | 915,100 | 745,600 | 733,500 | 787,300 | 711,018 | 638,968 | 729,662 | 730,888 | 671,742 | 822,329 | 915,998 | 947,557 | 1,094,300 | 494,047 | 429,938 |
| Current ratio | 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 | 1.43 | 1.31 | 1.57 | 1.73 |
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 exhibited fluctuations over the past eight quarters. The ratio has ranged from a low of 1.53 in Q4 2023 to a high of 2.02 in Q1 2022, indicating varying levels of liquidity and ability to meet short-term obligations. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy liquidity position.
The downward trend from Q1 2022 to Q4 2023 may raise some concerns about the company's short-term liquidity management. A ratio below 2 may indicate that the company may have difficulty meeting its short-term obligations if they all came due at once. Management should monitor the current ratio closely to ensure that it remains at a sufficient level to support the company's ongoing operational needs and financial obligations.
Peer comparison
Dec 31, 2023