Nexstar Media Group has a quick ratio of 1.68. It generally indicates good short-term financial strength.
The historical rank and industry rank for Nexstar Media Group's Quick Ratio or its related term are showing as below:
NXST'
s Quick Ratio Range Over the Past 10 Years
Min: 1.31 Med: 1.81 Max: 2.84
Current: 1.68
During the past 13 years, Nexstar Media Group's highest Quick Ratio was 2.84. The lowest was 1.31. And the median was 1.81.
NXST's Quick Ratio is ranked better than 57.24% of 1050
companies
in the Media - Diversified industry
Industry Median: 1.46
vs NXST: 1.68
Nexstar Media Group Quick Ratio Historical Data
The historical data trend for Nexstar Media Group's Quick Ratio 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.
Competitive Comparison of Nexstar Media Group's Quick Ratio
For the Broadcasting subindustry, Nexstar Media Group's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nexstar Media Group's Quick Ratio falls into.
Nexstar Media Group Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Nexstar Media Group's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Nexstar Media Group (NAS:NXST) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Nexstar Media Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Nexstar Media Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets. 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 has stations in 12 of the top 20 television markets and reaches 68% of us 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NXST has been successfully added to your 