Gray Media Balance Sheet Health
Financial Health criteria checks 0/6
Gray Media has a total shareholder equity of $2.8B and total debt of $5.6B, which brings its debt-to-equity ratio to 198.6%. Its total assets and total liabilities are $10.4B and $7.5B respectively. Gray Media's EBIT is $793.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $199.0M.
Key information
198.62%
Debt to equity ratio
US$5.62b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$199.00m |
| Equity | US$2.83b |
| Total liabilities | US$7.52b |
| Total assets | US$10.35b |
Recent financial health updates
Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky
Dec 24
Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt
Sep 10Recent updates
Gray Media (NYSE:GTN) Is Paying Out A Dividend Of $0.08
Aug 26Gray Media (NYSE:GTN) Is Paying Out A Dividend Of $0.08
Aug 11Should You Investigate Gray Media, Inc. (NYSE:GTN) At US$4.73?
Jul 31Gray Media: 2026 Shaping Up To Be A Massive Year
Jul 10Gray Media, Inc. (NYSE:GTN) Stock Catapults 35% Though Its Price And Business Still Lag The Industry
Jul 05Gray Media's (NYSE:GTN) Earnings May Just Be The Starting Point
May 15Gray Media, Inc. (NYSE:GTN) Held Back By Insufficient Growth Even After Shares Climb 29%
May 09Gray Media: A Value Play On A Highly Anticipated 2026 Midterm Election Season
Apr 18Gray Media, Inc.'s (NYSE:GTN) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
Mar 19Gray Media: Free Cash Flow Potential, Reorganization Efforts In 2025, And Undervalued
Jan 29Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky
Dec 24Gray Television, Inc. (NYSE:GTN) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough
Dec 04Gray Television: Still A Value Trap
Nov 19Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08
Nov 12Gray Television: Dead Money (Rating Downgrade)
Nov 10Improved Revenues Required Before Gray Television, Inc. (NYSE:GTN) Shares Find Their Feet
Oct 17
Leveraging Local Content And Digital Expansion To Spur Revenue And Profit Growth
Gray's focus on local content and digital expansion efforts aims at revenue growth and viewer engagement, even amidst industry challenges.Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt
Sep 10Gray Television's (NYSE:GTN) Dividend Will Be $0.08
Aug 20Gray Television: Bumpy Ride But Thesis Intact
Aug 10Is Now An Opportune Moment To Examine Gray Television, Inc. (NYSE:GTN)?
Aug 05Estimating The Intrinsic Value Of Gray Television, Inc. (NYSE:GTN)
Jul 15Taking A (Speculative) Position In Gray Television
Jul 10Gray Television, Inc. (NYSE:GTN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Jun 19Financial Position Analysis
Short Term Liabilities: GTN's short term assets ($478.0M) do not cover its short term liabilities ($549.0M).
Long Term Liabilities: GTN's short term assets ($478.0M) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: GTN's net debt to equity ratio (191.6%) is considered high.
Reducing Debt: GTN's debt to equity ratio has increased from 175.7% to 198.6% over the past 5 years.
Debt Coverage: GTN's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: GTN's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/25 13:19 |
| End of Day Share Price | 2025/08/25 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Gray Media, Inc. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Goss | Barrington Research Associates, Inc. |
| Patrick Sholl | Barrington Research Associates, Inc. |
| Daniel Kurnos | Benchmark Company |