Nexstar Broadcasting Group Inc (NXST)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	11,468,000	12,078,000	12,678,900	13,264,500	13,404,300
Total stockholders’ equity	US$ in thousands	2,257,000	2,299,000	2,741,000	2,850,340	2,518,390
Financial leverage ratio		5.08	5.25	4.63	4.65	5.32

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,468,000K ÷ $2,257,000K
= 5.08

The financial leverage ratio of Nexstar Broadcasting Group Inc has exhibited some fluctuation over the past five years. It decreased from 5.32 in December 2020 to 4.65 in December 2021, reflecting a reduction in the company's reliance on debt financing to support its operations. Subsequently, the ratio remained relatively stable around 4.63 in December 2022. However, by December 2023, there was a notable increase in the ratio to 5.25, indicating a higher level of leveraging in the company's capital structure. This trend continued with a slight decrease to 5.08 in December 2024, but overall, the financial leverage ratio still remains above the levels seen in the earlier years. Monitoring changes in the financial leverage ratio is crucial for assessing Nexstar Broadcasting Group's risk profile and its ability to meet debt obligations in the long term.