New York Times Company (NYT)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| 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 | 1.54 | 1.59 | 1.67 | 1.74 | 1.78 |
New York Times Co. has maintained a consistently low level of debt relative to its assets, capital, and equity over the past five years, with all debt-related ratios standing at 0.00 for each year. This indicates that the company has been relying more on equity financing rather than debt to fund its operations and investments.
However, it is noteworthy that the financial leverage ratio, which measures the extent to which a company is utilizing debt to finance its operations, has shown a slight declining trend over the same period. The financial leverage ratio decreased from 1.78 in 2019 to 1.54 in 2023. This decline suggests that New York Times Co. has been reducing its reliance on debt financing in favor of a more equity-based capital structure.
Overall, the solvency analysis based on the provided ratios indicates that New York Times Co. has maintained strong financial health and prudent financial management practices by keeping its debt levels low and decreasing its financial leverage ratio over time.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 272.46 | 252.46 | 343.63 | 232.83 | 6.89 |
The interest coverage ratio of New York Times Co. has been consistently strong and improving over the past five years. In 2019, the ratio was 46.48, indicating the company generated 46.48 times more operating income than the interest expenses. This ratio further improved in subsequent years, reaching 353.53 in 2021 and 320.87 in 2022 before peaking at 286.89 in 2023.
The trend suggests that the company has the capacity to comfortably meet its interest obligations with its operating income, demonstrating financial stability and efficient operational performance. The significant increase in interest coverage ratios from 2019 to 2021 indicates improved profitability and financial health for the company. However, the slight dip in the ratio in 2023 from the previous year could be worth monitoring for any potential changes in the company's ability to cover its interest expenses in the future.