Nexstar Broadcasting Group Inc (NXST)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,713,000 | 6,827,000 | 7,367,900 | 7,646,570 | 8,383,280 |
| Total assets | US$ in thousands | 12,078,000 | 12,679,000 | 13,264,500 | 13,404,300 | 13,989,700 |
| Debt-to-assets ratio | 0.56 | 0.54 | 0.56 | 0.57 | 0.60 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,713,000K ÷ $12,078,000K
= 0.56
The debt-to-assets ratio of Nexstar Media Group Inc has shown a relatively stable trend over the past five years, ranging from 0.55 to 0.61. In 2023, the ratio stands at 0.57, indicating that approximately 57% of the company's total assets are funded by debt. This suggests that Nexstar Media Group relies significantly on debt financing to support its operations and investments. The consistency in the ratio over the years implies a consistent financing strategy in place. However, it is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial risk and leverage position.
Peer comparison
Dec 31, 2023