Nexstar Broadcasting Group Inc (NXST)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 135,000 | 150,000 | 346,000 | 413,000 | 204,000 | 346,600 | 276,400 | 326,200 | 190,900 | 193,831 | 313,269 | 339,777 | 152,701 | 409,900 | 664,624 | 434,067 | 232,070 | 317,420 | 79,924 | 128,591 |
| Short-term investments | US$ in thousands | — | — | — | — | 100 | — | — | — | — | 1,188,760 | — | 1,185,540 | 1,333,780 | 1,313,860 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,095,000 | 891,000 | 944,000 | 1,008,000 | 1,079,400 | 986,900 | 951,200 | 1,016,700 | 1,021,050 | 923,005 | 895,451 | 920,055 | 904,801 | 782,198 | 762,930 | 888,738 | 883,921 | 860,794 | 542,610 | 540,525 |
| 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 |
| 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 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($135,000K
+ $—K
+ $1,095,000K)
÷ $961,000K
= 1.28
The quick ratio of Nexstar Media Group Inc has exhibited some fluctuations over the past eight quarters. The quick ratio, which measures a company's ability to meet its short-term obligations with its most liquid assets, was relatively stable in the range of 1.51 to 2.00.
In the most recent quarter analyzed (Q4 2023), the quick ratio was 1.51, indicating that the company had $1.51 in liquid assets available to cover each dollar of its current liabilities. This level suggests that Nexstar Media Group Inc may have sufficient liquid assets to meet its short-term obligations.
Throughout the quarters, the quick ratio remained above the ideal threshold of 1, indicating a strong liquidity position for Nexstar Media Group Inc. However, there was a slight downward trend from Q1 2022 to Q4 2023, which may warrant further monitoring to ensure the company continues to maintain its ability to meet its short-term obligations comfortably.
Overall, the quick ratio trend for Nexstar Media Group Inc suggests that the company has maintained a solid liquidity position, although some variability in the ratio values over time may merit closer attention to assess any potential underlying factors impacting the company's liquidity management.
Peer comparison
Dec 31, 2023