New York Times Company (NYT)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.47 | 1.54 | 1.59 | 1.67 | 1.74 |
The solvency ratios of New York Times Company indicate a strong financial position with consistently low levels of debt in relation to its assets, capital, and equity.
- The Debt-to-assets ratio remained at 0.00 throughout the years from December 31, 2020, to December 31, 2024, indicating that the company is not heavily reliant on debt to finance its operations and investments.
- Similarly, the Debt-to-capital ratio and Debt-to-equity ratio also stayed at 0.00 across the same period, highlighting the company's minimal use of debt in relation to its capital and equity structures.
- The Financial leverage ratio, which measures the extent to which the company is using debt to fund its operations, decreased from 1.74 on December 31, 2020, to 1.47 on December 31, 2024. This downward trend suggests a decreasing reliance on debt over the years, contributing to improved financial stability and lower financial risk.
Overall, the consistent low values in these solvency ratios reflect New York Times Company's prudent financial management and strong solvency position, indicating its ability to meet its financial obligations and withstand economic challenges effectively.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 378.01 | 299.41 | 5.80 | 378.76 | 159.78 |
The New York Times Company's interest coverage ratio has shown significant fluctuations over the past five years. As of December 31, 2020, the interest coverage ratio stood at a healthy 159.78, indicating the company had ample earnings to cover its interest expenses. This ratio increased substantially to 378.76 by December 31, 2021, reflecting an even stronger ability to meet interest obligations.
However, there was a sharp decline in the interest coverage ratio to 5.80 as of December 31, 2022, which raises concerns about the company's ability to cover its interest payments with its earnings. This could indicate a potential strain on financial resources or declining profitability.
The ratio then rebounded to 299.41 by December 31, 2023, suggesting an improvement in the company's financial position and its ability to service debt obligations. Finally, as of December 31, 2024, the interest coverage ratio increased to 378.01, indicating a robust ability to pay interest from its operating income.
Overall, the New York Times Company's interest coverage has shown fluctuations, with periods of strong and weak coverage ratios. Investors and stakeholders should closely monitor this ratio to assess the company's financial health and debt servicing capacity.