Tegna Inc (TGNA)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,072,800 | 3,069,320 | 3,231,970 | 3,553,220 | 4,179,240 |
| Total stockholders’ equity | US$ in thousands | 2,704,870 | 3,071,720 | 2,519,910 | 2,058,100 | 1,590,380 |
| Debt-to-capital ratio | 0.53 | 0.50 | 0.56 | 0.63 | 0.72 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,072,800K ÷ ($3,072,800K + $2,704,870K)
= 0.53
The debt-to-capital ratio for TEGNA Inc has fluctuated over the past five years, indicating varying levels of leverage. The ratio stood at 0.53 at the end of 2023, showing an increase compared to the previous year. This suggests that the company relied on debt to finance a higher proportion of its capital structure in 2023. Despite this, the ratio remains below the levels reported in 2020 and 2019, reflecting a potential improvement in the company's debt management. Overall, a decreasing trend in the debt-to-capital ratio over time may indicate a reduction in financial risk and improved financial health.
Peer comparison
Dec 31, 2023