Gray Television Balance Sheet Health
Financial Health criteria checks 1/6
Gray Television has a total shareholder equity of $2.7B and total debt of $6.2B, which brings its debt-to-equity ratio to 227.9%. Its total assets and total liabilities are $10.7B and $8.0B respectively. Gray Television's EBIT is $497.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $134.0M.
Key information
227.9%
Debt to equity ratio
US$6.15b
Debt
Interest coverage ratio | 1.1x |
Cash | US$134.00m |
Equity | US$2.70b |
Total liabilities | US$8.04b |
Total assets | US$10.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GCZA's short term assets ($601.0M) exceed its short term liabilities ($424.0M).
Long Term Liabilities: GCZA's short term assets ($601.0M) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: GCZA's net debt to equity ratio (223%) is considered high.
Reducing Debt: GCZA's debt to equity ratio has increased from 196.9% to 227.9% over the past 5 years.
Debt Coverage: GCZA's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: GCZA's interest payments on its debt are not well covered by EBIT (1.1x coverage).