Nexstar Broadcasting Group Inc (NXST)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 1.28 | 1.22 | 1.54 | 1.64 | 1.44 | 1.46 | 1.65 | 1.83 | 1.54 | 3.24 | 1.89 | 3.35 | 3.27 | 3.73 | 1.74 | 1.44 | 1.18 | 1.08 | 1.26 | 1.56 |
| Cash ratio | 0.14 | 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 | 0.24 | 0.29 | 0.16 | 0.30 |
The current ratio of Nexstar Media Group Inc has been relatively stable over the past eight quarters, ranging from 1.53 to 2.02. This indicates that the company generally has sufficient current assets to cover its current liabilities, with a higher ratio suggesting stronger liquidity.
Similarly, the quick ratio has also shown consistency over the same period, fluctuating between 1.51 and 2.00. The quick ratio excludes inventory from current assets, providing a more conservative measure of liquidity.
On the other hand, the cash ratio has fluctuated more significantly, ranging from 0.37 to 0.78. This ratio measures the company's ability to pay off its current liabilities using its most liquid assets (cash and cash equivalents) only. A lower cash ratio may indicate a higher dependency on non-cash current assets to meet short-term obligations.
Overall, Nexstar Media Group Inc appears to have maintained healthy liquidity levels based on these ratios, with the current and quick ratios consistently above 1.0 and the cash ratio showing some variability but generally remaining at acceptable levels.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 67.39 | 57.80 | 60.66 | 57.15 | 62.71 | 78.44 | 58.47 | 59.87 | 58.50 | 52.06 | 56.01 | 51.90 | 51.20 | 52.54 | 54.64 | 94.69 | 111.67 | 124.51 | 69.30 | 65.98 |
The cash conversion cycle for Nexstar Media Group Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the company's cash conversion cycle was 41.18 days, slightly higher than the previous quarter's 39.06 days. This indicates that Nexstar took longer to convert its investments in inventory and receivables into cash during this quarter.
Looking back, the trend in the cash conversion cycle has been somewhat volatile, with fluctuations seen in different quarters. For example, in Q2 2023, the cycle increased to 43.40 days from the previous quarter's 33.17 days, suggesting a delay in receiving cash from customers and managing inventory.
Comparing year-over-year performance, Q4 2023's cash conversion cycle was lower than the same period in 2022, where it stood at 39.61 days. This may indicate an improvement in Nexstar's efficiency in managing its working capital.
Overall, it is important for Nexstar Media Group Inc to closely monitor its cash conversion cycle to ensure smooth operations and efficient management of working capital to support the company's financial health and growth prospects.