Nexstar Broadcasting Group Inc (NXST)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 144,000 | 181,000 | 146,000 | 237,000 | 147,000 | 150,000 | 346,000 | 413,000 | 204,100 | 346,600 | 276,400 | 326,200 | 190,868 | 193,831 | 313,269 | 339,777 | 152,701 | 409,906 | 664,624 | 434,067 |
| Short-term investments | US$ in thousands | 1,106,000 | — | — | — | — | — | — | — | — | — | — | — | — | 1,188,760 | — | 1,185,540 | 1,333,780 | 1,313,860 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.60 | 0.21 | 0.18 | 0.29 | 0.15 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($144,000K
+ $1,106,000K
+ $—K)
÷ $783,000K
= 1.60
The quick ratio of Nexstar Broadcasting Group Inc has exhibited fluctuations over the observed periods. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its current liabilities.
From March 31, 2020, to September 30, 2021, the quick ratio generally improved, indicating better short-term liquidity. The ratio peaked at 2.57 on September 30, 2020, suggesting a strong ability to cover immediate obligations with liquid assets.
However, from December 31, 2021, to December 31, 2024, the quick ratio declined significantly. The company's ability to meet short-term obligations decreased, with the ratio falling to as low as 0.15 on December 31, 2023. An abrupt spike to 1.60 on December 31, 2024, may indicate a temporary improvement in liquidity.
Overall, the downward trend in the quick ratio from December 31, 2021, to December 31, 2024, suggests potential challenges in meeting short-term obligations with liquid assets. The company may need to closely monitor and manage its liquidity position to ensure financial stability in the upcoming periods.
Peer comparison
Dec 31, 2024