Tegna Inc (TGNA)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,004,710 | 2,704,870 | 3,071,720 | 2,519,910 | 2,058,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,004,710K)
= 0.00
The debt-to-capital ratio for Tegna Inc over the past five years has remained consistent at 0.00. This indicates that the company has not utilized any debt to finance its operations in relation to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company may be relying more on equity financing or may have paid off its existing debt entirely. While a low or zero debt-to-capital ratio can indicate financial stability and lower financial risk, it is important to consider the potential trade-offs in terms of tax advantages, cost of capital, and flexibility in capital structure management. It would be beneficial for stakeholders to further analyze Tegna Inc's overall financial health and its strategic decisions in capital structure management to assess the implications of its consistent zero debt-to-capital ratio.
Peer comparison
Dec 31, 2024