Cumulus Media Balance Sheet Health
Financial Health criteria checks 4/6
Cumulus Media has a total shareholder equity of $286.6M and total debt of $672.4M, which brings its debt-to-equity ratio to 234.6%. Its total assets and total liabilities are $1.4B and $1.2B respectively. Cumulus Media's EBIT is $23.7M making its interest coverage ratio 0.3. It has cash and short-term investments of $80.7M.
Key information
234.6%
Debt to equity ratio
US$672.42m
Debt
Interest coverage ratio | 0.3x |
Cash | US$80.66m |
Equity | US$286.58m |
Total liabilities | US$1.15b |
Total assets | US$1.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1NM's short term assets ($286.9M) exceed its short term liabilities ($143.7M).
Long Term Liabilities: 1NM's short term assets ($286.9M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: 1NM's net debt to equity ratio (206.5%) is considered high.
Reducing Debt: 1NM's debt to equity ratio has reduced from 318.9% to 234.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 1NM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1NM is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 13.7% per year.