Gannett Balance Sheet Health
Financial Health criteria checks 2/6
Gannett has a total shareholder equity of $249.3M and total debt of $1.0B, which brings its debt-to-equity ratio to 407.2%. Its total assets and total liabilities are $2.1B and $1.8B respectively. Gannett's EBIT is $95.3M making its interest coverage ratio 0.9. It has cash and short-term investments of $98.9M.
Key information
407.2%
Debt to equity ratio
US$1.02b
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$98.89m |
| Equity | US$249.27m |
| Total liabilities | US$1.80b |
| Total assets | US$2.05b |
Recent financial health updates
Recent updates
Is Gannett (NYSE:GCI) Using Too Much Debt?
Aug 27
Gannett Digital Revenue On The Rise, But No Profits Yet
Jul 02Gannett Co., Inc.'s (NYSE:GCI) Shares Bounce 33% But Its Business Still Trails The Industry
Jun 11Gannett Co., Inc.'s (NYSE:GCI) Price Is Right But Growth Is Lacking
Mar 22Gannett: 4 Reasons Why I Am Cautious
Dec 12Gannett: Cash Flows Are Buried By Debt
Sep 27Gannett: Some Risks, But Artificial Intelligence Could Imply Undervaluation
Jul 07Gannett Q4 2022 Earnings Preview
Feb 22Gannet to use real estate sales proceed to cut debt
Feb 03Gannett's Digital Transformation Remains On Track
Nov 02Gannett launches austerity measures; suspends hiring, offers separations
Oct 12Gannett: New Cost Reduction Program And Undervalued
Sep 28Gannett Q2 2022 Earnings Preview
Aug 03Please Unlock Gannett's Value
Jun 02Miller Value Partners - Gannett: An Opportunity To Unlock Significant Equity Value
May 04Gannett: A Turnaround Requiring Patience
Apr 27Is Gannett (NYSE:GCI) Using Too Much Debt?
Dec 22Gannett's Bet On Sports Gambling Has Great Odds
Oct 22Gannett Stock: Another Blowout Quarter For This Undiscovered Gem
Aug 24Financial Position Analysis
Short Term Liabilities: GCI's short term assets ($418.0M) do not cover its short term liabilities ($527.6M).
Long Term Liabilities: GCI's short term assets ($418.0M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: GCI's net debt to equity ratio (367.5%) is considered high.
Reducing Debt: GCI's debt to equity ratio has increased from 65.6% to 407.2% 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 GCI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GCI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 16.5% per year.