Tegna Inc (TGNA)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	7,326,520	7,198,600	7,089,330	7,104,660	7,000,060	7,195,050	7,115,270	7,394,040	7,328,900	7,124,130	6,965,480	6,853,740	6,917,650	6,930,650	6,843,100	6,857,810	6,848,700	6,945,000	6,928,420	6,894,100
Total stockholders’ equity	US$ in thousands	3,004,710	2,871,370	2,801,100	2,797,890	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
Financial leverage ratio		2.44	2.51	2.53	2.54	2.59	2.43	2.45	2.35	2.39	2.48	2.54	2.62	2.75	2.86	3.03	3.21	3.33	3.86	4.14	4.16

December 31, 2024 calculation

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

The financial leverage ratio of Tegna Inc has been decreasing steadily over the past few years, indicating an improvement in the company's financial health. The ratio decreased from 4.16 as of March 31, 2020, to 2.44 as of December 31, 2024.

A financial leverage ratio below 3 typically suggests that the company is relying less on debt to finance its operations and investments. This can be seen as a positive sign, as lower leverage ratios generally indicate a lower risk of financial distress and greater financial stability.

Overall, the decreasing trend in Tegna Inc's financial leverage ratio signals that the company has been effectively managing its debt levels and improving its overall financial position over the analyzed period.