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 $6.1B, which brings its debt-to-equity ratio to 226.9%. Its total assets and total liabilities are $10.6B and $7.9B respectively. Gray Television's EBIT is $513.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $75.0M.
Key information
226.9%
Debt to equity ratio
US$6.14b
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$75.00m |
| Equity | US$2.71b |
| Total liabilities | US$7.93b |
| Total assets | US$10.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GCZA's short term assets ($538.0M) exceed its short term liabilities ($331.0M).
Long Term Liabilities: GCZA's short term assets ($538.0M) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: GCZA's net debt to equity ratio (224.1%) is considered high.
Reducing Debt: GCZA's debt to equity ratio has increased from 193.5% to 226.9% over the past 5 years.
Debt Coverage: GCZA's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: GCZA's interest payments on its debt are not well covered by EBIT (1.1x coverage).