Nexstar Broadcasting Group Inc (NXST)

Financial leverage 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
Total assets	US$ in thousands	12,078,000	12,047,000	12,310,000	12,464,000	12,679,000	13,098,300	12,915,500	13,090,800	13,264,500	13,283,000	13,287,600	13,347,500	13,404,300	13,290,500	13,540,100	13,575,400	13,989,700	14,103,400	7,031,540	13,989,700
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
Financial leverage ratio		5.25	5.17	4.84	4.75	4.63	4.48	4.50	4.49	4.65	5.07	5.09	5.19	5.32	5.95	6.21	6.49	6.89	7.31	3.62	7.41

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,078,000K ÷ $2,299,000K
= 5.25

The financial leverage ratio of Nexstar Media Group Inc has shown a generally increasing trend over the past eight quarters, indicating a rise in the company's reliance on debt to finance its operations and growth. The ratio, which measures the proportion of the company's total assets financed by debt, reached its highest point in Q4 2023 at 5.25, compared to its lowest value of 4.48 in Q3 2022.

This increasing trend in the financial leverage ratio suggests that Nexstar Media Group Inc may be taking on more debt to fund its expansion or other strategic initiatives. While higher leverage can amplify returns during periods of growth, it also exposes the company to higher financial risk, particularly in economic downturns or rising interest rate environments.

Investors and stakeholders should closely monitor Nexstar Media Group Inc's financial leverage ratio and assess the company's ability to manage its debt levels effectively to ensure sustainable growth and financial stability.