New York Times Company (NYT)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,714,600 | 2,533,750 | 2,564,110 | 2,307,690 | 2,089,140 |
| Total stockholders’ equity | US$ in thousands | 1,763,220 | 1,597,970 | 1,538,720 | 1,325,520 | 1,172,000 |
| Financial leverage ratio | 1.54 | 1.59 | 1.67 | 1.74 | 1.78 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,714,600K ÷ $1,763,220K
= 1.54
The financial leverage ratio of New York Times Co. has exhibited a declining trend over the past five years, decreasing from 1.78 in 2019 to 1.54 in 2023. This indicates that the company has been relying less on debt financing to fund its operations and growth. A lower financial leverage ratio signifies a lower level of financial risk and a higher proportion of equity financing in the company's capital structure. This trend suggests that New York Times Co. may be managing its debt levels prudently and maintaining a healthier balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023