Tegna Inc (TGNA)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.44 | 2.59 | 2.39 | 2.75 | 3.33 |
Tegna Inc's solvency ratios indicate a strong financial position and low leverage over the years. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all consistently remained at 0.00 from 2020 to 2024, demonstrating that the company has no significant debt relative to its assets, capital, or equity.
Additionally, the financial leverage ratio has shown a decreasing trend over the years, starting at 3.33 in 2020 and gradually decreasing to 2.44 in 2024. This indicates that the company is relying less on debt to finance its operations and investments, which is a positive sign for solvency and financial stability. Overall, Tegna Inc's solvency ratios reflect a healthy balance sheet structure with minimal debt obligations and a prudent approach to managing leverage.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 5.57 | 4.51 | 5.80 | 4.38 | 4.12 |
The interest coverage ratio for Tegna Inc has shown a generally positive trend over the past five years, indicating the company's ability to meet its interest obligations comfortably. The ratio has increased from 4.12 in 2020 to 5.57 in 2024, with fluctuations in between.
A ratio above 1 indicates that the company is generating enough operating income to cover its interest expenses. Tegna Inc's interest coverage ratios consistently above 1 suggest that the company has been effectively managing its debt and maintaining a healthy level of interest coverage.
The improvement in the interest coverage ratio over the years reflects a stronger financial position for Tegna Inc, providing reassurance to investors and creditors regarding the company's ability to service its debt obligations. It also indicates the company's profitability and cash flow generation capacity relative to its interest expenses.