Tegna Inc (TGNA)
Debt-to-equity 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-equity ratio | 1.14 | 1.00 | 1.28 | 1.73 | 2.63 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,072,800K ÷ $2,704,870K
= 1.14
The debt-to-equity ratio of TEGNA Inc has fluctuated over the past five years, ranging from 1.14 in 2023 to 2.63 in 2019. The trend indicates a reduction in leverage over time, with the ratio decreasing from 2.63 in 2019 to 1.14 in 2023. A lower debt-to-equity ratio suggests that the company is relying less on debt financing and is using more equity to fund its operations and investments. This trend could indicate improved financial stability and reduced financial risk for TEGNA Inc. However, it is important to note that the debt-to-equity ratio should be analyzed in conjunction with other financial ratios and factors to gain a complete understanding of the company's financial health.
Peer comparison
Dec 31, 2023