Nexstar Broadcasting Group Inc (NXST)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,299,000	2,332,000	2,543,000	2,624,000	2,741,000	2,926,100	2,869,700	2,915,700	2,850,400	2,618,740	2,610,170	2,574,200	2,518,390	2,234,630	2,180,320	2,093,150	2,031,500	1,928,720	1,943,780	1,887,300
Debt-to-capital ratio		0.74	0.74	0.73	0.72	0.71	0.71	0.71	0.71	0.72	0.74	0.74	0.75	0.75	0.78	0.79	0.79	0.80	0.81	0.65	0.67

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,713,000K ÷ ($6,713,000K + $2,299,000K)
= 0.74

The debt-to-capital ratio of Nexstar Media Group Inc has been relatively stable over the past eight quarters, ranging from 0.71 to 0.75. This ratio indicates that a significant portion of the company's capital structure is financed through debt, with debt constituting between 71% and 75% of the company's total capital in recent quarters. The consistency in the debt-to-capital ratio suggests that Nexstar Media Group Inc has maintained a consistent debt level relative to its total capital base. However, it is important for investors and stakeholders to monitor this ratio over time to assess the company's debt-management strategy and financial health.