Nexstar Media Group (Nexstar Media Group) Interest Coverage

: 2.08 (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Nexstar Media Group's Operating Income for the three months ended in Dec. 2023 was $239 Mil. Nexstar Media Group's Interest Expense for the three months ended in Dec. 2023 was $-115 Mil. Nexstar Media Group's interest coverage for the quarter that ended in Dec. 2023 was 2.08. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Nexstar Media Group's Interest Coverage or its related term are showing as below:

NXST' s Interest Coverage Range Over the Past 10 Years
Min: 1.63 Med: 2.71 Max: 4.29
Current: 1.63

NXST's Interest Coverage is ranked worse than
87.42% of 612 companies
in the Media - Diversified industry
Industry Median: 11.95 vs NXST: 1.63

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nexstar Media Group Interest Coverage Historical Data

The historical data trend for Nexstar Media Group's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Nexstar Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

1.81

4.07

4.23

4.29

1.66

Nexstar Media Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																3.79	1.91	1.61	0.91	2.08

Competitive Comparison

For the Entertainment subindustry, Nexstar Media Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

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

* The bar in red indicates where Nexstar Media Group's Interest Coverage falls into.

Nexstar Media Group Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nexstar Media Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Nexstar Media Group's Interest Expense was $-447 Mil. Its Operating Income was $743 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,713 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	743	/	-447
	=	1.66

Nexstar Media Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Nexstar Media Group's Interest Expense was $-115 Mil. Its Operating Income was $239 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,713 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	239	/	-115
	=	2.08

The higher the ratio, the stronger the company's Financial Strength is.

Nexstar Media Group (NAS:NXST) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Nexstar Media Group Interest Coverage Related Terms

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

Nexstar Media Group (Nexstar Media Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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 200 stations in 116 markets. Of its 200 full-power stations, 155 are affiliated with the four national broadcasters: 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 has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.

Executives

Blake Russell	officer: Vice President, Marketing	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Thomas Carter	officer: Senior Advisor	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Charles Thomas Mcmillen	director	1103 SOUTH CAROLINA AVENUE, WASHINGTON DC 20003
D Geoffrey Armstrong	director	5900 PRINCESS GARDEN PARKWAY, 7TH FL, LANHAM MD 20706
Gary Weitman	officer: See Remarks	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
Sean Compton	officer: President, Networks	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Jay M. Grossman	director	C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, BOSTON MA 02199
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
Perry A Sook	director, officer: Chief Executive Officer	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Royce A. Wells	director	C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Rachel Morgan	officer: EVP General Counsel	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