New York Times Company (NYT)
Debt-to-equity ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 246,000 | 247,000 | 248,000 |
| Total stockholders’ equity | US$ in thousands | 1,763,220 | 1,653,240 | 1,605,220 | 1,574,780 | 1,597,970 | 1,540,350 | 1,538,130 | 1,493,070 | 1,538,720 | 1,467,530 | 1,416,780 | 1,352,870 | 1,325,520 | 1,255,390 | 1,229,170 | 1,191,710 | 1,172,000 | 1,095,910 | 1,083,340 | 1,057,950 |
| 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 | 0.22 | 0.23 | 0.23 |
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 remained consistently at 0.00 across all quarters in the provided data table. This indicates that the company has been entirely financed by equity and has not utilized any debt to fund its operations or investments during the specified periods. A debt-to-equity ratio of 0.00 reflects a low financial risk for the company, as there is no debt to be repaid, reducing interest payments and potential financial strain. However, it's essential to consider that having no debt may also limit the company's financial flexibility and tax benefits associated with debt financing. In summary, New York Times Co.'s consistent debt-to-equity ratio of 0.00 suggests a conservative financial strategy with a focus on equity financing rather than leveraging debt.
Peer comparison
Dec 31, 2023