Nexstar Broadcasting Group Inc (NXST)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,257,000 | 2,299,000 | 2,741,000 | 2,850,340 | 2,518,390 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,257,000K
= 0.00
The debt-to-equity ratio for Nexstar Broadcasting Group Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not taken on any long-term debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company's operations are primarily funded by equity rather than debt, which can be seen as a positive sign of financial stability and a lower risk of financial distress related to debt obligations. Additionally, a low debt-to-equity ratio may imply that the company has strong financial health and may be in a favorable position to pursue growth opportunities without relying heavily on borrowed funds.
Peer comparison
Dec 31, 2024