Nexstar Broadcasting Group Inc (NXST)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,713,000 | 6,742,000 | 6,771,000 | 6,799,000 | 6,827,000 | 7,052,900 | 7,109,700 | 7,205,000 | 7,367,900 | 7,505,650 | 7,586,320 | 7,567,300 | 7,646,570 | 7,859,620 | 7,977,580 | 7,990,640 | 8,383,280 | 8,393,170 | 3,689,780 | 3,797,190 |
| Total assets | US$ in thousands | 12,078,000 | 12,047,000 | 12,310,000 | 12,464,000 | 12,679,000 | 13,098,300 | 12,915,500 | 13,090,800 | 13,264,500 | 13,283,000 | 13,287,600 | 13,347,500 | 13,404,300 | 13,290,500 | 13,540,100 | 13,575,400 | 13,989,700 | 14,103,400 | 7,031,540 | 13,989,700 |
| Debt-to-assets ratio | 0.56 | 0.56 | 0.55 | 0.55 | 0.54 | 0.54 | 0.55 | 0.55 | 0.56 | 0.57 | 0.57 | 0.57 | 0.57 | 0.59 | 0.59 | 0.59 | 0.60 | 0.60 | 0.52 | 0.27 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,713,000K ÷ $12,078,000K
= 0.56
Nexstar Media Group Inc's debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.55 to 0.57. The ratio indicates that, on average, approximately 55% to 57% of the company's total assets are financed by debt. This suggests that Nexstar Media Group Inc relies moderately on debt to fund its operations and investments. The consistency in the ratio over time may indicate that the company has maintained a prudent level of leverage and is managing its debt levels effectively. Overall, the debt-to-assets ratio analysis suggests that Nexstar Media Group Inc has a balanced approach to capital structure management.
Peer comparison
Dec 31, 2023