Tegna Inc (TGNA)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	7,326,520	7,000,060	7,328,900	6,917,650	6,848,700
Total stockholders’ equity	US$ in thousands	3,004,710	2,704,870	3,071,720	2,519,910	2,058,100
Financial leverage ratio		2.44	2.59	2.39	2.75	3.33

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,326,520K ÷ $3,004,710K
= 2.44

Tegna Inc's financial leverage ratio has shown a decreasing trend over the past five years, indicating a strengthening financial position in terms of leverage. The ratio decreased from 3.33 in 2020 to 2.75 in 2021, further dropping to 2.39 in 2022. However, it slightly increased to 2.59 in 2023 and then decreased again to 2.44 in 2024.

This declining trend suggests that Tegna Inc has been effectively reducing its reliance on debt financing relative to its equity, which can be viewed positively by investors and creditors. Overall, the company's decreasing financial leverage ratio implies a healthier capital structure and improved financial stability over the years.