Nexstar Broadcasting Group Inc (NXST)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,402,000	1,223,000	993,000	952,000	847,000	934,100	1,265,100	1,417,600	1,553,700	1,603,562	1,450,949	1,418,092	1,375,965	1,543,999	1,570,367	1,447,522	1,439,871	1,147,989	943,762	860,773
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	219,000	2,219,000	2,267,000	2,321,000	2,299,000	2,332,000	2,543,000	2,624,000	2,741,000	2,926,100	2,869,700	2,915,700	2,850,340	2,618,740	2,610,170	2,574,200	2,518,390	2,234,630	2,180,320	2,093,150
Return on total capital		640.18%	55.11%	43.80%	41.02%	36.84%	40.06%	49.75%	54.02%	56.68%	54.80%	50.56%	48.64%	48.27%	58.96%	60.16%	56.23%	57.17%	51.37%	43.29%	41.12%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,402,000K ÷ ($—K + $219,000K)
= 640.18%

Nexstar Broadcasting Group Inc's return on total capital has shown varying levels over the period under consideration. The trend indicates fluctuations in the company's ability to generate returns from its total capital employed.

Starting at 41.12% in March 2020, the return on total capital increased steadily to reach its peak of 640.18% in December 2024, which represents a substantial improvement in the company's capital utilization efficiency during this period.

However, it is important to note that the return on total capital experienced significant fluctuations throughout the period, with some quarters showing lower returns compared to others. This volatility may suggest changes in the company's capital structure, investment decisions, or operational performance.

Overall, the increasing trend in return on total capital indicates that Nexstar Broadcasting Group Inc has been effectively utilizing its capital to generate higher returns for its shareholders, although periodic fluctuations should be closely monitored to assess the company's long-term sustainability and performance.