New York Times Company (NYT)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,841,480 | 2,762,100 | 2,673,370 | 2,622,820 | 2,714,600 | 2,546,530 | 2,479,070 | 2,472,290 | 2,533,750 | 2,515,390 | 2,512,860 | 2,529,270 | 2,564,110 | 2,469,410 | 2,348,010 | 2,282,760 | 2,307,690 | 2,139,540 | 2,058,360 | 2,023,470 |
| Total stockholders’ equity | US$ in thousands | 1,927,210 | 1,852,050 | 1,804,990 | 1,747,960 | 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 |
| Financial leverage ratio | 1.47 | 1.49 | 1.48 | 1.50 | 1.54 | 1.54 | 1.54 | 1.57 | 1.59 | 1.63 | 1.63 | 1.69 | 1.67 | 1.68 | 1.66 | 1.69 | 1.74 | 1.70 | 1.67 | 1.70 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,841,480K ÷ $1,927,210K
= 1.47
The financial leverage ratio of New York Times Company has shown a consistent trend of gradual decline over the analyzed period from March 31, 2020, to December 31, 2024. The ratio decreased from 1.70 on March 31, 2020, to 1.47 on December 31, 2024. This indicates that the company has been reducing its reliance on debt financing in relation to equity financing over time.
A financial leverage ratio below 2 suggests that the company relies more on equity financing rather than debt financing to fund its operations and investments. The decreasing trend in the financial leverage ratio may imply improving financial stability and reduced financial risk for the company.
However, it is essential to note that a lower financial leverage ratio does not always signify a healthier financial position, as it may indicate missed opportunities for leveraging debt for growth or expansion. Therefore, a thorough analysis of the company's overall financial health, including profitability, liquidity, and operational efficiency, is necessary to evaluate its financial leverage position comprehensively.
Peer comparison
Dec 31, 2024