Nexstar Broadcasting Group Inc (NXST)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 5.08 | 5.25 | 4.63 | 4.65 | 5.32 |
Nexstar Broadcasting Group Inc has demonstrated exceptional solvency ratios over the past five years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all consistently remained at 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its operations and has a strong asset base relative to its debt levels.
Furthermore, the Financial leverage ratio has shown slight fluctuations over the same period, ranging from 4.63 to 5.32. Despite these fluctuations, the ratio has remained relatively stable, indicating that the company has efficiently utilized its capital structure to support its operations.
Overall, Nexstar Broadcasting Group Inc's solvency ratios suggest a strong financial position with minimal reliance on debt for its capital structure, reflecting prudent financial management practices and a solid foundation for future growth and stability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 3.19 | 1.90 | 4.62 | 4.87 | 4.29 |
The interest coverage ratio for Nexstar Broadcasting Group Inc has shown a generally positive trend over the past five years. It increased from 4.29 in December 31, 2020, to 4.87 in December 31, 2021, indicating the company's ability to cover its interest expenses improved during this period.
However, there was a slight decrease in the interest coverage ratio to 4.62 in December 31, 2022, before experiencing a significant decline to 1.90 in December 31, 2023. This notable decrease may raise concerns about the company's ability to cover its interest obligations comfortably.
In the most recent year, December 31, 2024, the interest coverage ratio recovered slightly to 3.19. Despite the improvement from the previous year, the ratio remains below the levels seen in earlier years, suggesting that Nexstar Broadcasting Group Inc may still face challenges in meeting its interest payments.
Overall, while the interest coverage ratio has fluctuated over the past five years, indicating some variability in the company's ability to cover its interest expenses, it is essential for stakeholders to monitor this ratio closely to ensure the company maintains a healthy financial position in the future.