Nexstar Broadcasting Group Inc (NXST)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,299,000 | 2,741,000 | 2,850,400 | 2,518,390 | 2,031,500 |
| Debt-to-equity ratio | 2.92 | 2.49 | 2.58 | 3.04 | 4.13 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,713,000K ÷ $2,299,000K
= 2.92
The debt-to-equity ratio of Nexstar Media Group Inc has shown a fluctuating trend over the past five years. In 2019, the ratio was relatively high at 4.18, indicating that the company had a higher level of debt compared to equity. However, there has been a decreasing trend in the subsequent years, with the ratio dropping to 3.04 in 2020, 2.60 in 2021, and 2.54 in 2022. This downward trend suggests that the company has been reducing its reliance on debt financing in relation to equity.
In 2023, the debt-to-equity ratio increased to 2.97, indicating a slight uptick in the company's debt relative to equity compared to the previous year. It is important for investors and stakeholders to monitor this ratio closely to assess the company's financial leverage and risk profile.
Overall, while the company's debt-to-equity ratio has fluctuated over the years, the recent trend of decreasing reliance on debt financing is a positive sign for Nexstar Media Group Inc as it may indicate improved financial health and stability.
Peer comparison
Dec 31, 2023