Tegna Inc (TGNA)

Debt-to-equity 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 stockholders’ equity US$ in thousands 2,704,870 2,960,540 2,904,160 3,151,260 3,071,720 2,878,260 2,741,720 2,618,850 2,519,910 2,419,710 2,258,960 2,139,340 2,058,100 1,799,540 1,675,310 1,658,260 1,590,380 1,521,700 1,479,740 1,405,250
Debt-to-equity ratio 1.14 1.04 1.06 0.97 1.00 1.07 1.12 1.17 1.28 1.38 1.53 1.64 1.73 2.17 2.45 2.46 2.63 2.75 2.00 2.06

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 exhibited some fluctuation over the past eight quarters, ranging from 0.97 to 1.17. In the most recent quarter, Q4 2023, the ratio stood at 1.14, indicating that the company had $1.14 in debt for every $1 of equity. This suggests that TEGNA Inc relies more on debt financing than equity to fund its operations and growth. The upward trend in the ratio from Q1 2023 to Q1 2022 implies an increasing level of debt relative to equity, which may raise concerns about the company's financial leverage. Further analysis of the company's overall financial health and ability to manage its debt obligations would be necessary to fully assess the impact of this trend on its long-term sustainability and profitability.