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.
Peer comparison
Dec 31, 2023