Nexstar Intangible Assets vs Total Current Assets Analysis

NXST Stock

USD 166.56 2.26 1.38%

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 Intangible Assets and its Total Current Assets 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.

Intangible Assets vs Total Current Assets

Intangible Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexstar Broadcasting Intangible Assets account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Nexstar Broadcasting's Intangible Assets and Total Current Assets is 0.97. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Assets 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 Intangible Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Nexstar Broadcasting Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Intangible Assets i.e., Nexstar Broadcasting's Intangible Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

Nexstar Broadcasting Investors Sentiment

The influence of Nexstar Broadcasting's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nexstar. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Nexstar Broadcasting's public news can be used to forecast risks associated with an investment in Nexstar. The trend in average sentiment can be used to explain how an investor holding Nexstar can time the market purely based on public headlines and social activities around Nexstar Broadcasting Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Nexstar Broadcasting's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nexstar Broadcasting's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nexstar Broadcasting's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nexstar Broadcasting.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nexstar Broadcasting in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nexstar Broadcasting's short interest history, or implied volatility extrapolated from Nexstar Broadcasting options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

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

Details

Is Nexstar Stock a good investment?

Details

What is Nexstar Broadcasting's Net Worth?

Details

Largest Broadcasting Companies

View

Largest Media & Entertainment Companies

View

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 Global Correlations module to find global opportunities by holding instruments from different markets.

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.

	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
	Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
	Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
	Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes

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

(0.37)

Dividend Share

5.4

Earnings Share

9.64

Revenue Per Share

139.678

Quarterly Revenue Growth

(0.12)

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Nexstar Intangible Assets vs Total Current Assets Analysis

Intangible Assets vs Total Current Assets

Intangible Assets vs Total Current Assets Correlation Analysis

Correlation Coefficient

Intangible Assets

Total Current Assets

Nexstar Broadcasting fundamental ratios Correlations

Nexstar Broadcasting Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nexstar Broadcasting fundamental ratios Accounts

Nexstar Broadcasting Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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