Nexstar Treasury Stock vs Long Term Debt Analysis

NXST Stock

USD 169.56 0.98 0.57%

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 Treasury Stock and its Long Term Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in state.

Treasury Stock vs Long Term Debt

Treasury Stock vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexstar Broadcasting Treasury Stock account and Long Term Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Nexstar Broadcasting's Treasury Stock and Long Term Debt is -0.76. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Long Term Debt 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 Treasury Stock and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Nexstar Broadcasting Group are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Treasury Stock i.e., Nexstar Broadcasting's Treasury Stock and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.76

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Treasury Stock

Long Term Debt

Long-term debt is a debt that Nexstar Broadcasting has held for over one year. Long-term debt appears on Nexstar Broadcasting Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Nexstar Broadcasting Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 tightly coupled 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	1.8B	1.9B
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	0.71	1.0	0.98	0.63	0.97	0.97	0.99	0.94	1.0	0.99	0.74	-0.21	1.0	-0.3	0.98	1.0	0.98	0.98	0.86	1.0	0.7
Net Debt	1.0		0.8	0.3	0.8	0.73	1.0	0.97	0.62	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	0.99	0.84	1.0	0.72
Cash	0.8	0.8		0.16	1.0	0.81	0.8	0.78	0.32	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	0.77	0.55	0.8	0.76
Other Assets	0.3	0.3	0.16		0.16	0.29	0.31	0.16	-0.15	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	0.25	0.09	0.31	0.41
Cash And Short Term Investments	0.8	0.8	1.0	0.16		0.81	0.8	0.78	0.32	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	0.77	0.55	0.8	0.76
Common Stock Shares Outstanding	0.71	0.73	0.81	0.29	0.81		0.7	0.69	0.21	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	0.65	0.37	0.72	0.72
Total Liab	1.0	1.0	0.8	0.31	0.8	0.7		0.97	0.62	0.97	0.96	0.99	0.93	1.0	0.98	0.72	-0.2	1.0	-0.31	0.98	1.0	0.98	0.99	0.85	1.0	0.72
Total Current Assets	0.98	0.97	0.78	0.16	0.78	0.69	0.97		0.75	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	0.96	0.9	0.97	0.59
Other Current Liab	0.63	0.62	0.32	-0.15	0.32	0.21	0.62	0.75		0.77	0.64	0.66	0.64	0.59	0.66	0.83	-0.68	0.61	-0.18	0.68	0.62	0.66	0.65	0.83	0.61	0.06
Total Current Liabilities	0.97	0.97	0.74	0.16	0.74	0.65	0.97	0.99	0.77		0.94	0.97	0.9	0.97	0.97	0.81	-0.31	0.97	-0.31	0.96	0.97	0.96	0.97	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	0.64	0.94		0.95	0.92	0.95	0.99	0.8	-0.21	0.97	-0.28	0.95	0.96	0.96	0.91	0.88	0.97	0.58
Other Liab	0.99	0.99	0.74	0.3	0.74	0.64	0.99	0.96	0.66	0.97	0.95		0.95	0.99	0.97	0.71	-0.28	0.99	-0.27	0.99	0.99	0.99	0.99	0.88	0.99	0.68
Accounts Payable	0.94	0.93	0.65	0.29	0.65	0.51	0.93	0.92	0.64	0.9	0.92	0.95		0.92	0.91	0.69	-0.45	0.92	-0.26	0.98	0.93	0.97	0.92	0.93	0.94	0.5
Long Term Debt	1.0	1.0	0.81	0.32	0.81	0.73	1.0	0.96	0.59	0.97	0.95	0.99	0.92		0.98	0.71	-0.16	0.99	-0.33	0.97	1.0	0.97	0.99	0.83	1.0	0.74
Good Will	0.99	0.98	0.78	0.25	0.78	0.74	0.98	0.98	0.66	0.97	0.99	0.97	0.91	0.98		0.78	-0.19	0.99	-0.31	0.96	0.98	0.97	0.95	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	0.83	0.81	0.8	0.71	0.69	0.71	0.78		-0.36	0.73	-0.24	0.74	0.72	0.74	0.68	0.8	0.73	0.25
Other Stockholder Equity	-0.21	-0.19	0.13	0.24	0.13	0.43	-0.2	-0.3	-0.68	-0.31	-0.21	-0.28	-0.45	-0.16	-0.19	-0.36		-0.16	-0.18	-0.36	-0.19	-0.31	-0.26	-0.65	-0.19	0.38
Intangible Assets	1.0	0.99	0.81	0.31	0.81	0.74	1.0	0.97	0.61	0.97	0.97	0.99	0.92	0.99	0.99	0.73	-0.16		-0.31	0.97	0.99	0.97	0.97	0.84	1.0	0.72
Common Stock	-0.3	-0.35	-0.41	-0.01	-0.41	-0.64	-0.31	-0.35	-0.18	-0.31	-0.28	-0.27	-0.26	-0.33	-0.31	-0.24	-0.18	-0.31		-0.31	-0.33	-0.32	-0.31	-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	0.68	0.96	0.95	0.99	0.98	0.97	0.96	0.74	-0.36	0.97	-0.31		0.98	0.99	0.97	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	0.62	0.97	0.96	0.99	0.93	1.0	0.98	0.72	-0.19	0.99	-0.33	0.98		0.98	0.99	0.84	1.0	0.72
Property Plant And Equipment Net	0.98	0.98	0.71	0.33	0.71	0.64	0.98	0.96	0.66	0.96	0.96	0.99	0.97	0.97	0.97	0.74	-0.31	0.97	-0.32	0.99	0.98		0.96	0.9	0.98	0.6
Current Deferred Revenue	0.98	0.99	0.77	0.25	0.77	0.65	0.99	0.96	0.65	0.97	0.91	0.99	0.92	0.99	0.95	0.68	-0.26	0.97	-0.31	0.97	0.99	0.96		0.84	0.98	0.72
Retained Earnings	0.86	0.84	0.55	0.09	0.55	0.37	0.85	0.9	0.83	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	0.84		0.85	0.27
Non Current Assets Total	1.0	1.0	0.8	0.31	0.8	0.72	1.0	0.97	0.61	0.97	0.97	0.99	0.94	1.0	0.99	0.73	-0.19	1.0	-0.31	0.98	1.0	0.98	0.98	0.85		0.71
Non Currrent Assets Other	0.7	0.72	0.76	0.41	0.76	0.72	0.72	0.59	0.06	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	0.72	0.27	0.71

Click cells to compare fundamentals

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	12.3B	12.9B
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	12.3B	12.9B
Total Liab	11.9B	10.9B	10.4B	9.9B	10.0B	10.4B
Total Current Assets	1.4B	1.2B	1.4B	1.6B	1.5B	1.5B
Other Current Liab	138.2M	78.3M	56.3M	521.6M	555M	582.8M
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	175.9M	542.7M	412.7M	392.8M	451.7M	474.3M
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	10.8B	11.3B
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	9.0B	9.4B
Inventory	22.7M	168.6M	1.0	15.6M	17.9M	21.1M
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	21.4M	90.0M	173.9M	171M	179.6M
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

Pair Trading with Nexstar Broadcasting

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nexstar Broadcasting position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nexstar Broadcasting will appreciate offsetting losses from the drop in the long position's value.

Moving against Nexstar Stock

0.51

BOC

Boston Omaha Corp

Pair Corr

The ability to find closely correlated positions to Nexstar Broadcasting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexstar Broadcasting when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nexstar Broadcasting - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nexstar Broadcasting Group to buy it.

The correlation of Nexstar Broadcasting is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nexstar Broadcasting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexstar Broadcasting moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Nexstar Broadcasting can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Nexstar Broadcasting is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nexstar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nexstar Broadcasting Group Stock. Highlighted below are key reports to facilitate an investment decision about Nexstar Broadcasting Group Stock:

How To Invest In Nexstar

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Is Nexstar Stock a good investment?

Details

What is Nexstar Broadcasting's Net Worth?

Details

Largest Broadcasting Companies

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Largest Media & Entertainment Companies

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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 tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Nexstar Stock analysis

When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.

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Is Nexstar Broadcasting's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexstar Broadcasting. If investors know Nexstar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexstar Broadcasting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.737

Dividend Share

5.74

Earnings Share

11.84

Revenue Per Share

143.769

Quarterly Revenue Growth

0.021

The market value of Nexstar Broadcasting is measured differently than its book value, which is the value of Nexstar that is recorded on the company's balance sheet. Investors also form their own opinion of Nexstar Broadcasting's value that differs from its market value or its book value, called intrinsic value, which is Nexstar Broadcasting's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexstar Broadcasting's market value can be influenced by many factors that don't directly affect Nexstar Broadcasting's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Nexstar Broadcasting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexstar Broadcasting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexstar Broadcasting's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Nexstar Treasury Stock vs Long Term Debt Analysis

Treasury Stock vs Long Term Debt

Treasury Stock vs Long Term Debt Correlation Analysis

Correlation Coefficient

Treasury Stock

Long Term Debt

Nexstar Broadcasting fundamental ratios Correlations

Nexstar Broadcasting Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nexstar Broadcasting fundamental ratios Accounts

Pair Trading with Nexstar Broadcasting

Moving against Nexstar Stock

Complementary Tools for Nexstar Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets

Other Stockholder Equity	- 0.68	Other Current Liab
Retained Earnings	- 0.65	Other Stockholder Equity
Common Stock	- 0.64	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.45	Accounts Payable
Common Stock	- 0.41	Cash And Short Term Investments
Common Stock	- 0.41	Cash