Tegna Inc (TGNA)

Solvency ratios

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
Debt-to-assets ratio 0.44 0.43 0.43 0.42 0.42 0.43 0.44 0.45 0.47 0.48 0.51 0.51 0.52 0.56 0.59 0.59 0.60 0.61 0.55 0.54
Debt-to-capital ratio 0.53 0.51 0.51 0.49 0.50 0.52 0.53 0.54 0.56 0.58 0.60 0.62 0.63 0.68 0.71 0.71 0.72 0.73 0.67 0.67
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
Financial leverage ratio 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 4.37 4.54 3.66 3.79

TEGNA Inc's solvency ratios provide insights into the company's ability to meet its long-term debt obligations.

The debt-to-assets ratio has remained relatively stable around 0.42 to 0.44 over the past eight quarters, indicating that TEGNA's total debt represents between 42% to 44% of its total assets. This suggests that TEGNA relies moderately on debt to finance its assets.

The debt-to-capital ratio shows a similar trend, fluctuating between 0.49 to 0.53. This ratio signifies that TEGNA's total debt comprises approximately 49% to 53% of its total capital, which includes both debt and equity. The consistency in this ratio indicates a balanced capital structure.

The debt-to-equity ratio has varied between 0.97 to 1.17, suggesting that TEGNA relies more heavily on equity to finance its operations compared to debt. However, the ratio surpassing 1 in the recent quarters indicates that TEGNA is increasingly using debt to fund its operations, which may lead to higher financial risk.

The financial leverage ratio, ranging from 2.35 to 2.62, reflects TEGNA's financial leverage and risk exposure. The trend shows a moderate increase over the quarters, indicating that the company is relying more on debt to finance its operations and investments.

Overall, while TEGNA's solvency ratios suggest a moderate level of debt reliance and financial risk, the increasing trend in the financial leverage ratio warrants close monitoring to ensure sustainable debt management and long-term financial stability.


Coverage ratios

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
Interest coverage 4.51 5.58 5.96 5.56 5.79 5.01 4.80 4.52 4.30 5.12 5.06 4.39 4.03 2.94 2.39 2.79 2.83 3.40 3.76 3.80

Based on the data provided, TEGNA Inc's interest coverage ratio has shown a generally stable and healthy trend over the past eight quarters. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt with its operating earnings.

TEGNA's interest coverage ratio has ranged from 4.18 to 5.67 over the periods shown. A ratio above 1 indicates that the company is generating enough operating income to cover its interest expenses. TEGNA's interest coverage ratios consistently above 4 demonstrate the company's strong ability to make interest payments comfortably.

The upward trend in the interest coverage ratio from Q1 2022 to Q1 2023, peaking at 5.50 in Q1 2023, indicates an improving financial position and greater capacity to service debt. This trend suggests that TEGNA's earnings have been sufficient to cover interest expenses with increasing ease over the period analyzed.

Overall, the steady and relatively high interest coverage ratios for TEGNA Inc reflect a solid financial standing and ability to manage its debt obligations effectively, providing a favorable outlook for investors and creditors.