Nexstar Broadcasting Group Inc (NXST)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 11,468,000 | 12,078,000 | 12,678,900 | 13,264,500 | 13,404,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,468,000K
= 0.00
The debt-to-assets ratio of Nexstar Broadcasting Group Inc has consistently been 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not utilized debt financing to fund its assets during this period. Having a debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed through equity, which can be seen as a positive sign of financial stability and lower financial risk. It also indicates that Nexstar may have strong cash flows or access to other sources of capital without relying on debt. Overall, maintaining a low or zero debt-to-assets ratio can positively impact the company's financial health and creditworthiness.
Peer comparison
Dec 31, 2024