NXST (Nexstar Media Group) Debt-to-Equity : 2.91 (As of Mar. 2025)

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What is Nexstar Media Group Debt-to-Equity?

Nexstar Media Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $165 Mil. Nexstar Media Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $6,371 Mil. Nexstar Media Group's Total Stockholders Equity for the quarter that ended in Mar. 2025 was $2,247 Mil. Nexstar Media Group's debt to equity for the quarter that ended in Mar. 2025 was 2.91.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Nexstar Media Group's Debt-to-Equity or its related term are showing as below:

NXST' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.99 Med: 2.96 Max: 26.39
Current: 2.91

During the past 13 years, the highest Debt-to-Equity Ratio of Nexstar Media Group was 26.39. The lowest was 1.99. And the median was 2.96.

NXST's Debt-to-Equity is ranked worse than
93.32% of 838 companies
in the Media - Diversified industry
Industry Median: 0.26 vs NXST: 2.91

Nexstar Media Group Debt-to-Equity Historical Data

The historical data trend for Nexstar Media Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nexstar Media Group Debt-to-Equity Chart

Nexstar Media Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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3.06

2.62

2.55

2.97

2.89

Nexstar Media Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															2.95	3.01	3.04	2.89	2.91

Competitive Comparison of Nexstar Media Group's Debt-to-Equity

For the Broadcasting subindustry, Nexstar Media Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nexstar Media Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nexstar Media Group's Debt-to-Equity falls into.

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Nexstar Media Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nexstar Media Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(124	+	6399)	/	2257
	=	2.89

Nexstar Media Group's Debt to Equity Ratio for the quarter that ended in Mar. 2025 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(165	+	6371)	/	2247
	=	2.91

Nexstar Media Group (NAS:NXST) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Nexstar Media Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nexstar Media Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nexstar Media Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nexstar Media Group Inc (NAS:NXST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NXZ:Germany NXZ:Germany

Address

545 E. John Carpenter Freeway, Suite 700, Irving, TX, USA, 75062

Website

https://www.nexstar.tv

Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number two partner for NBC and number three for ABC. The firm maintains stations in 13 of the top 20 television markets and reaches 68% of US TV households. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.

Executives

Michael Biard	officer: President & COO	C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Lee Ann Gliha	officer: EVP, Chief Financial Officer	545 E. JOHN CARPENTER FREEWAY, IRVING TX 75062
Andrew Alford	officer: See Remarks	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Brett Jenkins	officer: Chief Technology Officer	C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, STE 700, IRVING TX 75062
Blake Russell	officer: Vice President, Marketing	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Gary Weitman	officer: See Remarks	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Sean Compton	officer: President, Networks	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Dana Zimmer	officer: President, Distribution	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Rachel Morgan	officer: EVP General Counsel	545 E. JOHN CARPENTER FREEWAY, IRVING TX 75062
Charles Thomas Mcmillen	director	1103 SOUTH CAROLINA AVENUE, WASHINGTON DC 20003
Perry A Sook	director, officer: Chief Executive Officer	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Bernadette S. Aulestia	director	203 EAST MAIN STREET, SPARTANBURG SC 29319
Lisbeth Mcnabb	director	C/O NEXSTAR BROADCASTING GROUP, INC., 909 LAKE CAROLYN PARKWAY, IRVING TX 75039-3906
John R Muse	director	2100 MCKINNEY AVENUE, SUITE 1600, DALLAS TX 75201
Jay M. Grossman	director	C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, BOSTON MA 02199