Tegna Inc (TGNA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Tegna Inc's solvency ratios reflect a strong financial position with consistently low levels of debt in relation to its assets, capital, and equity over the analyzed periods. The Debt-to-Assets ratio, Debt-to-Capital ratio, and Debt-to-Equity ratio have all consistently remained at 0.00, indicating that the company has no significant debt relative to its assets, capital, or equity.
Furthermore, the Financial Leverage ratio, which measures the proportion of a company's assets that are financed by debt, has shown a decreasing trend from 4.16 in March 2020 to 2.44 in December 2024. This downward trend indicates that Tegna Inc has been reducing its financial leverage over time, which is a positive signal of improved solvency and financial stability.
Overall, the solvency ratios suggest that Tegna Inc has a strong financial position with low debt levels and effective management of its capital structure, which bodes well for the company's long-term financial health and ability to meet its financial obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.65 | 3.91 | 3.50 | 3.60 | 3.81 | 4.84 | 5.23 | 5.58 | 5.79 | 5.09 | 4.88 | 4.65 | 4.49 | 5.35 | 5.26 | 4.58 | 4.25 | 3.14 | 2.68 | 2.99 |
The interest coverage ratio for Tegna Inc has shown a generally positive trend over the period from March 31, 2020, to December 31, 2024. The ratio has fluctuated between 2.68 and 5.79 during this time frame.
A higher interest coverage ratio indicates the company's ability to meet its interest obligations from its operating earnings. Tegna Inc's interest coverage ratio has improved from around 2.68 in June 2020 to a peak of 5.79 by December 2022, which suggests the company's earnings were more than sufficient to cover its interest expenses during that period.
However, the ratio declined slightly to 3.60 by March 31, 2024. This decrease may indicate a potential decrease in the company's earnings relative to its interest expense. It is important for investors and creditors to monitor this ratio to ensure the company can continue to meet its interest obligations comfortably in the future.