Nexstar Broadcasting Group Inc (NXST)

Debt-to-capital ratio

		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
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
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $219,000K)
= 0.00

The debt-to-capital ratio of Nexstar Broadcasting Group Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations or projects during this period.

A debt-to-capital ratio of 0.00 means that the company's total debt is zero relative to its total capital, which includes both debt and equity. In this case, Nexstar Broadcasting Group Inc has either fully funded its operations through equity financing or has managed to pay off its debts entirely.

Having a debt-to-capital ratio of 0.00 can be seen as a positive indicator, as it signifies lower financial risk and less dependence on external borrowing for growth. However, it is essential to consider the company's overall financial strategy, future growth plans, and capital structure when interpreting this ratio in isolation.