New York Times Company (NYT)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,763,220 | 1,597,970 | 1,538,720 | 1,325,520 | 1,172,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,763,220K
= 0.00
The debt-to-equity ratio of New York Times Co. has shown a consistent value of 0.00 over the past five years, indicating that the company has had no debt obligations relative to its equity during this period. This suggests that the company has been primarily funded by equity rather than debt, which can be viewed positively as it signifies a lower financial risk and potentially more stable financial position. However, it is important to note that a low or zero debt-to-equity ratio may also indicate missed opportunities for leveraging debt to finance growth or operations at a lower cost. Further analysis into the company's capital structure and financial strategies would be beneficial in assessing the rationale behind this consistent ratio.
Peer comparison
Dec 31, 2023