Nexstar Non Currrent Assets Other vs Cash Analysis

NXST Stock  USD 178.41  1.94  1.10%   
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 Non Currrent Assets Other 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.

Non Currrent Assets Other vs Cash

Non Currrent Assets Other vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexstar Broadcasting Non Currrent Assets Other account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nexstar Broadcasting's Non Currrent Assets Other and Cash is 0.76. Overlapping area represents the amount of variation of Non Currrent Assets Other 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 Non Currrent Assets Other 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 Non Currrent Assets Other 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 Non Currrent Assets Other i.e., Nexstar Broadcasting's Non Currrent Assets Other and Cash go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

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 Profit2.8B3.2B1.8B1.9B
Total Revenue4.6B5.2B4.9B5.2B

Nexstar Broadcasting fundamental ratios Correlations

1.00.80.30.80.711.00.980.630.970.970.990.941.00.990.74-0.211.0-0.30.981.00.980.980.861.00.7
1.00.80.30.80.731.00.970.620.970.950.990.931.00.980.72-0.190.99-0.350.981.00.980.990.841.00.72
0.80.80.161.00.810.80.780.320.740.780.740.650.810.780.540.130.81-0.410.720.80.710.770.550.80.76
0.30.30.160.160.290.310.16-0.150.160.260.30.290.320.250.050.240.31-0.010.250.30.330.250.090.310.41
0.80.81.00.160.810.80.780.320.740.780.740.650.810.780.540.130.81-0.410.720.80.710.770.550.80.76
0.710.730.810.290.810.70.690.210.650.720.640.510.730.740.490.430.74-0.640.610.720.640.650.370.720.72
1.01.00.80.310.80.70.970.620.970.960.990.931.00.980.72-0.21.0-0.310.981.00.980.990.851.00.72
0.980.970.780.160.780.690.970.750.990.970.960.920.960.980.85-0.30.97-0.350.970.970.960.960.90.970.59
0.630.620.32-0.150.320.210.620.750.770.640.660.640.590.660.83-0.680.61-0.180.680.620.660.650.830.610.06
0.970.970.740.160.740.650.970.990.770.940.970.90.970.970.81-0.310.97-0.310.960.970.960.970.890.970.62
0.970.950.780.260.780.720.960.970.640.940.950.920.950.990.8-0.210.97-0.280.950.960.960.910.880.970.58
0.990.990.740.30.740.640.990.960.660.970.950.950.990.970.71-0.280.99-0.270.990.990.990.990.880.990.68
0.940.930.650.290.650.510.930.920.640.90.920.950.920.910.69-0.450.92-0.260.980.930.970.920.930.940.5
1.01.00.810.320.810.731.00.960.590.970.950.990.920.980.71-0.160.99-0.330.971.00.970.990.831.00.74
0.990.980.780.250.780.740.980.980.660.970.990.970.910.980.78-0.190.99-0.310.960.980.970.950.860.990.64
0.740.720.540.050.540.490.720.850.830.810.80.710.690.710.78-0.360.73-0.240.740.720.740.680.80.730.25
-0.21-0.190.130.240.130.43-0.2-0.3-0.68-0.31-0.21-0.28-0.45-0.16-0.19-0.36-0.16-0.18-0.36-0.19-0.31-0.26-0.65-0.190.38
1.00.990.810.310.810.741.00.970.610.970.970.990.920.990.990.73-0.16-0.310.970.990.970.970.841.00.72
-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
0.980.980.720.250.720.610.980.970.680.960.950.990.980.970.960.74-0.360.97-0.310.980.990.970.920.980.59
1.01.00.80.30.80.721.00.970.620.970.960.990.931.00.980.72-0.190.99-0.330.980.980.990.841.00.72
0.980.980.710.330.710.640.980.960.660.960.960.990.970.970.970.74-0.310.97-0.320.990.980.960.90.980.6
0.980.990.770.250.770.650.990.960.650.970.910.990.920.990.950.68-0.260.97-0.310.970.990.960.840.980.72
0.860.840.550.090.550.370.850.90.830.890.880.880.930.830.860.8-0.650.84-0.180.920.840.90.840.850.27
1.01.00.80.310.80.721.00.970.610.970.970.990.941.00.990.73-0.191.0-0.310.981.00.980.980.850.71
0.70.720.760.410.760.720.720.590.060.620.580.680.50.740.640.250.380.72-0.240.590.720.60.720.270.71
Click cells to compare fundamentals

Nexstar Broadcasting Account Relationship Matchups

Nexstar Broadcasting fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.0B13.4B13.3B12.7B12.3B12.9B
Net Debt8.3B7.5B7.3B6.8B7.0B7.3B
Cash232.1M152.7M190.9M204.1M147M76.1M
Other Assets456.9M6.9B153.1M89.9M103.4M98.2M
Cash And Short Term Investments232.1M152.7M190.9M204.1M147M76.1M
Common Stock Shares Outstanding47.9M46.7M44.0M40.2M35.8M32.9M
Liabilities And Stockholders Equity14.0B13.4B13.3B12.7B12.3B12.9B
Total Liab11.9B10.9B10.4B9.9B10.0B10.4B
Total Current Assets1.4B1.2B1.4B1.6B1.5B1.5B
Other Current Liab138.2M78.3M56.3M521.6M555M582.8M
Total Current Liabilities947.6M730.9M787.3M893.2M961M1.0B
Total Stockholder Equity2.0B2.5B2.9B2.7B2.3B2.4B
Other Liab2.4B2.2B2.0B2.0B2.2B2.4B
Accounts Payable157.4M218.4M248.2M197.7M235M246.8M
Long Term Debt8.4B7.6B7.4B6.8B6.7B7.0B
Good Will3.0B3.0B3.1B3.0B2.9B3.1B
Other Current Assets67.2M152.5M200.8M315.4M224M235.2M
Other Stockholder Equity1.2B995.4M504.1M(319.5M)(890M)(845.5M)
Intangible Assets6.2B5.8B5.6B5.3B5.1B5.3B
Property Plant Equipment1.5B1.6B1.8B1.6B1.8B1.9B
Short Long Term Debt Total8.5B7.7B7.5B7.0B7.1B7.5B
Property Plant And Equipment Net1.3B1.6B1.5B1.3B1.6B1.6B
Current Deferred Revenue175.9M542.7M412.7M392.8M451.7M474.3M
Retained Earnings778.8M1.5B2.2B3.0B3.2B3.3B
Non Current Assets Total12.6B12.2B11.9B11.1B10.8B11.3B
Non Currrent Assets Other692.2M422.7M285.0M178.3M96M122.2M
Net Receivables883.9M904.8M1.0B1.1B1.1B1.1B
Non Current Liabilities Total11.0B10.1B9.6B9.0B9.0B9.4B
Inventory22.7M168.6M1.015.6M17.9M21.1M
Property Plant And Equipment Gross1.3B1.6B2.3B2.1B2.2B2.3B
Accumulated Other Comprehensive Income19.9M34.5M141.7M26.9M1M1.1M
Short Term Debt109.3M21.4M90.0M173.9M171M179.6M
Net Tangible Assets(7.9B)(7.0B)(6.1B)(5.6B)(5.0B)(5.3B)
Retained Earnings Total Equity620.4M778.8M1.5B2.2B2.5B2.7B
Capital Surpluse1.4B1.4B1.4B1.3B1.5B959.2M
Non Current Liabilities Other894.7M815.9M523.3M583.6M571M379.6M
Noncontrolling Interest In Consolidated Entity16.2M22.0M18.5M7.1M8.2M7.7M

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Additional 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.