Nexstar Net Debt vs Cash Analysis

NXST Stock

USD 169.12 2.29 1.37%

Nexstar Broadcasting financial indicator trend analysis is infinitely more than just investigating Nexstar Broadcasting recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexstar Broadcasting is a good investment. Please check the relationship between Nexstar Broadcasting Net Debt and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexstar Broadcasting Net Debt account and Cash. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Nexstar Broadcasting's Net Debt and Cash is 0.8. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Nexstar Broadcasting Group, assuming nothing else is changed. The correlation between historical values of Nexstar Broadcasting's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Nexstar Broadcasting Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Nexstar Broadcasting's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Nexstar Broadcasting, which is listed under current asset account on Nexstar Broadcasting Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nexstar Broadcasting customers. The amounts must be unrestricted with restricted cash listed in a different Nexstar Broadcasting account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Nexstar Broadcasting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexstar Broadcasting current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Nexstar Broadcasting's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.29 in 2024, whereas Tax Provision is likely to drop slightly above 141.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.8B	3.2B	2.8B	2.9B
Total Revenue	4.6B	5.2B	4.9B	5.2B

Gross Profit Total Revenue

Nexstar Broadcasting fundamental ratios Correlations

	Total Assets	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Long Term Debt	Good Will	Other Current Assets	Other Stockholder Equity	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other
Total Assets		1.0	0.8	0.3	0.8	0.72	1.0	0.97	0.85	0.97	0.97	0.99	0.93	1.0	0.99	0.74	-0.2	1.0	-0.3	0.98	1.0	0.98	0.0	0.86	1.0	0.7
Net Debt	1.0		0.8	0.3	0.8	0.73	1.0	0.97	0.84	0.97	0.95	0.99	0.93	1.0	0.98	0.72	-0.19	0.99	-0.35	0.98	1.0	0.98	0.01	0.84	1.0	0.72
Cash	0.8	0.8		0.16	1.0	0.81	0.8	0.78	0.51	0.74	0.78	0.74	0.65	0.81	0.78	0.54	0.13	0.81	-0.41	0.72	0.8	0.71	0.23	0.55	0.8	0.76
Other Assets	0.3	0.3	0.16		0.16	0.29	0.31	0.16	0.28	0.16	0.26	0.3	0.29	0.32	0.25	0.05	0.24	0.31	-0.01	0.25	0.3	0.33	0.37	0.09	0.32	0.41
Cash And Short Term Investments	0.8	0.8	1.0	0.16		0.81	0.8	0.78	0.51	0.74	0.78	0.74	0.65	0.81	0.78	0.54	0.13	0.81	-0.41	0.72	0.8	0.71	0.23	0.55	0.8	0.76
Common Stock Shares Outstanding	0.72	0.73	0.81	0.29	0.81		0.71	0.69	0.45	0.65	0.72	0.64	0.51	0.73	0.74	0.49	0.43	0.74	-0.64	0.61	0.72	0.64	0.41	0.37	0.72	0.72
Total Liab	1.0	1.0	0.8	0.31	0.8	0.71		0.97	0.84	0.97	0.96	0.99	0.93	1.0	0.98	0.72	-0.19	1.0	-0.31	0.98	1.0	0.97	0.02	0.84	1.0	0.73
Total Current Assets	0.97	0.97	0.78	0.16	0.78	0.69	0.97		0.9	0.99	0.97	0.96	0.92	0.96	0.98	0.85	-0.3	0.97	-0.35	0.97	0.97	0.96	-0.16	0.9	0.97	0.59
Other Current Liab	0.85	0.84	0.51	0.28	0.51	0.45	0.84	0.9		0.89	0.88	0.87	0.9	0.83	0.87	0.9	-0.5	0.84	-0.23	0.9	0.84	0.91	-0.35	0.93	0.85	0.32
Total Current Liabilities	0.97	0.97	0.74	0.16	0.74	0.65	0.97	0.99	0.89		0.94	0.97	0.9	0.97	0.97	0.81	-0.31	0.97	-0.31	0.96	0.97	0.96	-0.15	0.89	0.97	0.62
Total Stockholder Equity	0.97	0.95	0.78	0.26	0.78	0.72	0.96	0.97	0.88	0.94		0.95	0.92	0.95	0.99	0.8	-0.21	0.97	-0.28	0.95	0.96	0.96	-0.05	0.88	0.97	0.58
Other Liab	0.99	0.99	0.74	0.3	0.74	0.64	0.99	0.96	0.87	0.97	0.95		0.95	0.99	0.97	0.71	-0.28	0.99	-0.27	0.99	0.99	0.99	-0.07	0.88	0.99	0.68
Accounts Payable	0.93	0.93	0.65	0.29	0.65	0.51	0.93	0.92	0.9	0.9	0.92	0.95		0.92	0.91	0.69	-0.45	0.92	-0.26	0.98	0.93	0.97	-0.19	0.93	0.93	0.5
Long Term Debt	1.0	1.0	0.81	0.32	0.81	0.73	1.0	0.96	0.83	0.97	0.95	0.99	0.92		0.98	0.71	-0.16	0.99	-0.33	0.97	1.0	0.97	0.04	0.83	1.0	0.74
Good Will	0.99	0.98	0.78	0.25	0.78	0.74	0.98	0.98	0.87	0.97	0.99	0.97	0.91	0.98		0.78	-0.19	0.99	-0.31	0.96	0.98	0.97	-0.03	0.86	0.99	0.64
Other Current Assets	0.74	0.72	0.54	0.05	0.54	0.49	0.72	0.85	0.9	0.81	0.8	0.71	0.69	0.71	0.78		-0.36	0.73	-0.24	0.74	0.72	0.74	-0.34	0.8	0.72	0.25
Other Stockholder Equity	-0.2	-0.19	0.13	0.24	0.13	0.43	-0.19	-0.3	-0.5	-0.31	-0.21	-0.28	-0.45	-0.16	-0.19	-0.36		-0.16	-0.18	-0.36	-0.19	-0.31	0.88	-0.65	-0.18	0.38
Intangible Assets	1.0	0.99	0.81	0.31	0.81	0.74	1.0	0.97	0.84	0.97	0.97	0.99	0.92	0.99	0.99	0.73	-0.16		-0.31	0.97	0.99	0.97	0.03	0.84	1.0	0.72
Common Stock	-0.3	-0.35	-0.41	-0.01	-0.41	-0.64	-0.31	-0.35	-0.23	-0.31	-0.28	-0.27	-0.26	-0.33	-0.31	-0.24	-0.18	-0.31		-0.31	-0.33	-0.32	-0.04	-0.18	-0.31	-0.24
Property Plant Equipment	0.98	0.98	0.72	0.25	0.72	0.61	0.98	0.97	0.9	0.96	0.95	0.99	0.98	0.97	0.96	0.74	-0.36	0.97	-0.31		0.98	0.99	-0.13	0.92	0.98	0.59
Short Long Term Debt Total	1.0	1.0	0.8	0.3	0.8	0.72	1.0	0.97	0.84	0.97	0.96	0.99	0.93	1.0	0.98	0.72	-0.19	0.99	-0.33	0.98		0.98	0.01	0.84	1.0	0.72
Property Plant And Equipment Net	0.98	0.98	0.71	0.33	0.71	0.64	0.97	0.96	0.91	0.96	0.96	0.99	0.97	0.97	0.97	0.74	-0.31	0.97	-0.32	0.99	0.98		-0.1	0.9	0.98	0.6
Current Deferred Revenue	0.0	0.01	0.23	0.37	0.23	0.41	0.02	-0.16	-0.35	-0.15	-0.05	-0.07	-0.19	0.04	-0.03	-0.34	0.88	0.03	-0.04	-0.13	0.01	-0.1		-0.48	0.02	0.58
Retained Earnings	0.86	0.84	0.55	0.09	0.55	0.37	0.84	0.9	0.93	0.89	0.88	0.88	0.93	0.83	0.86	0.8	-0.65	0.84	-0.18	0.92	0.84	0.9	-0.48		0.85	0.27
Non Current Assets Total	1.0	1.0	0.8	0.32	0.8	0.72	1.0	0.97	0.85	0.97	0.97	0.99	0.93	1.0	0.99	0.72	-0.18	1.0	-0.31	0.98	1.0	0.98	0.02	0.85		0.72
Non Currrent Assets Other	0.7	0.72	0.76	0.41	0.76	0.72	0.73	0.59	0.32	0.62	0.58	0.68	0.5	0.74	0.64	0.25	0.38	0.72	-0.24	0.59	0.72	0.6	0.58	0.27	0.72

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Nexstar Broadcasting Account Relationship Matchups

Nexstar Broadcasting fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.0B	13.4B	13.3B	12.7B	12.1B	12.7B
Net Debt	8.3B	7.5B	7.3B	6.8B	7.0B	7.3B
Cash	232.1M	152.7M	190.9M	204.1M	147M	76.1M
Other Assets	456.9M	6.9B	153.1M	89.9M	103.4M	98.2M
Cash And Short Term Investments	232.1M	152.7M	190.9M	204.1M	147M	76.1M
Common Stock Shares Outstanding	47.9M	46.7M	44.0M	40.2M	35.8M	32.9M
Liabilities And Stockholders Equity	14.0B	13.4B	13.3B	12.7B	12.1B	12.7B
Total Liab	11.9B	10.9B	10.4B	9.9B	9.8B	10.3B
Total Current Assets	1.4B	1.2B	1.4B	1.6B	1.5B	1.5B
Other Current Liab	138.2M	455.2M	406.3M	471.6M	508M	533.4M
Total Current Liabilities	947.6M	730.9M	787.3M	893.2M	961M	1.0B
Total Stockholder Equity	2.0B	2.5B	2.9B	2.7B	2.3B	2.4B
Other Liab	2.4B	2.2B	2.0B	2.0B	2.2B	2.4B
Accounts Payable	157.4M	218.4M	248.2M	197.7M	235M	246.8M
Long Term Debt	8.4B	7.6B	7.4B	6.8B	6.7B	7.0B
Good Will	3.0B	3.0B	3.1B	3.0B	2.9B	3.1B
Other Current Assets	67.2M	152.5M	200.8M	315.4M	224M	235.2M
Other Stockholder Equity	1.2B	995.4M	504.1M	(319.5M)	(890M)	(845.5M)
Intangible Assets	6.2B	5.8B	5.6B	5.3B	5.1B	5.3B
Property Plant Equipment	1.5B	1.6B	1.8B	1.6B	1.8B	1.9B
Short Long Term Debt Total	8.5B	7.7B	7.5B	7.0B	7.1B	7.5B
Property Plant And Equipment Net	1.3B	1.6B	1.5B	1.3B	1.6B	1.6B
Current Deferred Revenue	542.7M	412.7M	392.8M	(420M)	(483M)	(458.9M)
Retained Earnings	778.8M	1.5B	2.2B	3.0B	3.2B	3.3B
Non Current Assets Total	12.6B	12.2B	11.9B	11.1B	10.6B	11.1B
Non Currrent Assets Other	692.2M	422.7M	285.0M	178.3M	96M	122.2M
Net Receivables	883.9M	904.8M	1.0B	1.1B	1.1B	1.1B
Non Current Liabilities Total	11.0B	10.1B	9.6B	9.0B	8.8B	9.2B
Inventory	22.7M	168.6M	1.0	15.6M	(88M)	(83.6M)
Property Plant And Equipment Gross	1.3B	1.6B	2.3B	2.1B	2.2B	2.3B
Accumulated Other Comprehensive Income	19.9M	34.5M	141.7M	26.9M	1M	1.1M
Short Term Debt	109.3M	57.3M	132.8M	223.9M	218M	228.9M
Net Tangible Assets	(7.9B)	(7.0B)	(6.1B)	(5.6B)	(5.0B)	(5.3B)
Retained Earnings Total Equity	620.4M	778.8M	1.5B	2.2B	2.5B	2.7B
Capital Surpluse	1.4B	1.4B	1.4B	1.3B	1.5B	959.2M
Non Current Liabilities Other	894.7M	815.9M	523.3M	583.6M	571M	379.6M
Noncontrolling Interest In Consolidated Entity	16.2M	22.0M	18.5M	7.1M	8.2M	7.7M

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