Nexstar Media Group Balance Sheet Health
Financial Health criteria checks 2/6
Nexstar Media Group has a total shareholder equity of $2.2B and total debt of $6.7B, which brings its debt-to-equity ratio to 299%. Its total assets and total liabilities are $11.7B and $9.5B respectively. Nexstar Media Group's EBIT is $1.2B making its interest coverage ratio 2.5. It has cash and short-term investments of $181.0M.
Key information
299.0%
Debt to equity ratio
US$6.70b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$181.00m |
| Equity | US$2.24b |
| Total liabilities | US$9.45b |
| Total assets | US$11.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXZ's short term assets ($1.4B) exceed its short term liabilities ($846.0M).
Long Term Liabilities: NXZ's short term assets ($1.4B) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: NXZ's net debt to equity ratio (290.9%) is considered high.
Reducing Debt: NXZ's debt to equity ratio has reduced from 437.7% to 299% over the past 5 years.
Debt Coverage: NXZ's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: NXZ's interest payments on its debt are not well covered by EBIT (2.5x coverage).