New York Times Company (NYT)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.11 | 0.11 | 0.11 |
| Debt-to-capital 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 | 0.18 | 0.19 | 0.19 |
| 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 |
| 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 |
New York Times Co. has consistently maintained a very low level of debt in relation to its assets, capital, and equity, as indicated by a debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 across all quarters in the provided data. This signifies that the company has not been relying heavily on external debt to finance its operations, which can be viewed positively from a solvency perspective.
However, the financial leverage ratio has shown a slight increase over the quarters, starting from 1.54 in Q4 2022 and increasing to 1.69 in Q1 2022. This indicates that the company's reliance on debt to finance its operations has been slowly increasing over time. While the financial leverage ratio is still below 2.0, which is a common threshold for indicating high financial risk, the trend suggests a potential shift towards a slightly higher leverage position.
In conclusion, New York Times Co. exhibits a strong solvency position with very low debt levels in relation to its assets, capital, and equity. Although the financial leverage ratio has shown a slight increase over the quarters, it remains at a manageable level.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 270.06 | 235.08 | 232.34 | 248.15 | 252.46 | 261.02 | 277.29 | 298.07 | 365.66 | 370.59 | 356.30 | 296.10 | 238.18 | 32.79 | 14.54 | 9.51 | 6.89 | 6.01 | 6.14 | 6.03 |
The interest coverage ratio for New York Times Co. reflects its ability to meet its interest obligations with its operating income. The company had very strong interest coverage ratios in Q4 2022, Q3 2022, and Q2 2022, indicating that it generated significantly more earnings than needed to cover its interest expenses during those periods. However, the interest coverage ratio was not provided for Q3 2023, Q2 2023, and Q1 2023, so we cannot assess the company's performance in those quarters. The trend of high interest coverage ratios in the past suggests that New York Times Co. has been effectively managing its debt and generating sufficient profits to cover its interest payments.