Tegna Inc (TGNA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,072,800 | 3,071,900 | 3,071,030 | 3,070,160 | 3,069,320 | 3,068,450 | 3,067,610 | 3,066,780 | 3,231,970 | 3,336,880 | 3,455,980 | 3,517,090 | 3,553,220 | 3,906,200 | 4,098,080 | 4,071,900 | 4,179,240 | 4,180,940 | 2,953,570 | 2,891,500 |
| Total assets | US$ in thousands | 7,000,060 | 7,195,050 | 7,115,270 | 7,394,040 | 7,328,900 | 7,124,130 | 6,965,480 | 6,853,740 | 6,917,650 | 6,930,650 | 6,843,100 | 6,857,810 | 6,848,700 | 6,945,000 | 6,928,420 | 6,894,100 | 6,953,980 | 6,902,240 | 5,412,690 | 5,323,750 |
| Debt-to-assets ratio | 0.44 | 0.43 | 0.43 | 0.42 | 0.42 | 0.43 | 0.44 | 0.45 | 0.47 | 0.48 | 0.51 | 0.51 | 0.52 | 0.56 | 0.59 | 0.59 | 0.60 | 0.61 | 0.55 | 0.54 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,072,800K ÷ $7,000,060K
= 0.44
TEGNA Inc's debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.42 to 0.45. This ratio indicates that, on average, the company finances approximately 42-45% of its assets through debt.
A debt-to-assets ratio of 0.42-0.45 suggests that TEGNA Inc relies more on equity financing to fund its operations and investments, as a lower ratio indicates a lower level of debt relative to assets. This can be seen as a positive sign for the company's financial health and stability, as it has a lower financial risk compared to companies with higher debt levels.
Overall, the consistent performance of TEGNA Inc's debt-to-assets ratio demonstrates its prudent approach to managing its capital structure and maintaining a balanced mix of debt and equity to support its operations and growth initiatives.
Peer comparison
Dec 31, 2023