Nexstar Broadcasting Group Inc (NXST)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 52.37 | 5.27 | 5.21 | 5.15 | 5.33 | 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 |
Nexstar Broadcasting Group Inc has maintained a consistently low level of debt in relation to its assets, with a debt-to-assets ratio of 0.00 throughout the periods analyzed. This indicates that the company's assets are primarily funded through equity rather than debt.
Similarly, the debt-to-capital ratio and debt-to-equity ratio have also remained at 0.00, reflecting the company's strong financial position and minimal reliance on external borrowing.
The financial leverage ratio, which measures the extent to which the company is using debt to finance its operations, showed a decreasing trend from 6.49 in March 2020 to 5.27 in September 2024. However, there was a significant spike to 52.37 in December 2024, which may be attributed to a one-time event or an anomaly in the financial data.
Overall, Nexstar Broadcasting Group Inc appears to have a conservative financial structure with low leverage and minimal debt, which could indicate a lower risk of financial distress and a solid foundation for sustainable growth.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.16 | 2.69 | 2.18 | 2.10 | 1.90 | 2.15 | 3.09 | 3.79 | 4.62 | 5.29 | 5.09 | 5.07 | 4.87 | 5.38 | 5.34 | 4.73 | 4.29 | 3.12 | 2.46 | 2.44 |
The interest coverage of Nexstar Broadcasting Group Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio measures the company's ability to meet its interest obligations on outstanding debt.
From March 2020 to December 2021, the interest coverage ratio steadily increased from 2.44 to 4.87, indicating an improving ability to cover interest expenses with operating income.
However, there was a slight decline in the ratio in the first half of 2022 before it picked up again in the latter half of 2022, reaching a peak of 5.29 by September 30, 2022.
Subsequently, the interest coverage ratio started declining and reached a low of 1.90 by December 31, 2023, which may indicate a potential liquidity concern or increased interest burdens.
The ratio slightly recovered in the following periods but remained below the levels seen in 2022. This fluctuation in the interest coverage ratio suggests that Nexstar Broadcasting Group Inc may need to closely monitor its ability to cover interest expenses in the future and ensure sustainable levels of profitability.