New York Times Company (NYT)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 2,089,140 | 2,254,960 | 2,206,370 | 2,194,560 |
| 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 |
| Financial leverage ratio | 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 | 1.78 | 2.06 | 2.04 | 2.07 |
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 remained relatively stable around 1.54 to 1.69 over the past eight quarters. This indicates that the company relies more on debt financing rather than equity to fund its operations and growth initiatives. A higher financial leverage ratio suggests a higher level of debt relative to equity, which could potentially increase the company's financial risk but also magnify returns for shareholders in good times.
The slight decrease in the financial leverage ratio from 1.69 in Q1 2022 to 1.54 in Q4 2023 may indicate that the company has been taking steps to reduce its reliance on debt, which could be a positive sign for investors concerned about financial stability. However, it's also important to consider the reasons behind this change and any potential implications for the company's future financial performance and growth prospects.
Peer comparison
Dec 31, 2023