Nexstar Broadcasting Group Inc (NXST)

Solvency ratios

	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
Debt-to-assets ratio	0.56	0.56	0.55	0.55	0.54	0.54	0.55	0.55	0.56	0.57	0.57	0.57	0.57	0.59	0.59	0.59	0.60	0.60	0.52	0.27
Debt-to-capital ratio	0.74	0.74	0.73	0.72	0.71	0.71	0.71	0.71	0.72	0.74	0.74	0.75	0.75	0.78	0.79	0.79	0.80	0.81	0.65	0.67
Debt-to-equity ratio	2.92	2.89	2.66	2.59	2.49	2.41	2.48	2.47	2.58	2.87	2.91	2.94	3.04	3.52	3.66	3.82	4.13	4.35	1.90	2.01
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

The solvency ratios of Nexstar Media Group Inc show the company's ability to meet its long-term financial obligations. Looking at the data provided, we can see that the Debt-to-assets ratio has remained relatively stable around the 0.55 to 0.57 range, indicating that the company finances a significant portion of its assets through debt.

The Debt-to-capital ratio also demonstrates a consistent trend, hovering around 0.71 to 0.75, showing that a substantial portion of Nexstar's capital structure is comprised of debt.

The Debt-to-equity ratio has shown some fluctuation over the periods under consideration, ranging from 2.45 to 2.97. This indicates that the company relies heavily on debt financing, with debt representing multiple times the equity. This may pose some risk in terms of financial stability and potential liquidity issues in the future.

Lastly, the Financial leverage ratio exhibits a similar trend to the Debt-to-equity ratio, with values ranging from 4.48 to 5.25. A higher financial leverage ratio indicates a higher level of financial risk due to increased reliance on debt to finance the company's operations.

Overall, while the stable Debt-to-assets and Debt-to-capital ratios suggest a consistent approach to financing, the fluctuating Debt-to-equity and Financial leverage ratios highlight a potential need for the company to focus on reducing its leverage and enhancing its equity position to improve its solvency in the long run.

Coverage ratios

	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
Interest coverage	1.59	1.78	2.52	3.17	3.90	4.43	4.44	4.36	4.16	4.81	4.92	4.43	4.10	3.00	2.29	2.36	2.15	2.67	3.46	3.50

The interest coverage ratio for Nexstar Media Group Inc has fluctuated over the past eight quarters, ranging from a low of 1.89 in Q4 2023 to a high of 5.00 in Q3 2022. This ratio measures the company's ability to meet its interest payments on debt obligations with its operating income.

A higher interest coverage ratio indicates that the company is generating more than enough operating income to cover its interest expenses, suggesting a lower risk of default on its debt. Conversely, a lower ratio may signal potential financial distress if the company struggles to meet its interest obligations.

Nexstar Media Group Inc's interest coverage ratio has generally trended downwards over the past few quarters, indicating a weakening ability to cover interest payments with operating income. This trend may warrant further investigation into the company's financial health and debt management strategies. Overall, a sustained decrease in the interest coverage ratio could raise concerns about the company's ability to manage its debt effectively and meet its financial obligations in the long term.