Gray Television Balance Sheet Health
Financial Health criteria checks 1/6
Gray Television has a total shareholder equity of $2.8B and total debt of $5.9B, which brings its debt-to-equity ratio to 212%. Its total assets and total liabilities are $10.6B and $7.9B respectively. Gray Television's EBIT is $658.0M making its interest coverage ratio 1.4. It has cash and short-term investments of $69.0M.
Key information
212.0%
Debt to equity ratio
US$5.89b
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$69.00m |
| Equity | US$2.78b |
| Total liabilities | US$7.85b |
| Total assets | US$10.63b |
Recent financial health updates
Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt
Sep 10
Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky
Jun 01Gray Television (NYSE:GTN) Has No Shortage Of Debt
Jan 24Recent updates
Gray 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 17Gray 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 19Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky
Jun 01Gray Television: Tune In To The Main Event
Apr 02Gray Television (NYSE:GTN) Has No Shortage Of Debt
Jan 24Gray Television: Undervalued But Faces Significant Debt Overhang And Industry Headwinds
Jan 11Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08
Dec 13Gray Television (NYSE:GTN) Has Announced A Dividend Of $0.08
Nov 11Does This Valuation Of Gray Television, Inc. (NYSE:GTN) Imply Investors Are Overpaying?
Nov 03Gray Television: Deep Value Or Value Trap?
Nov 01Is It Too Late To Consider Buying Gray Television, Inc. (NYSE:GTN)?
Sep 27Gray Television (NYSE:GTN) Is Due To Pay A Dividend Of $0.08
Sep 04Gray Television Can Unlock A Lot Of Shareholder Value By Simply Paying Down Its Debt
Aug 22Gray Television (NYSE:GTN) Is Paying Out A Dividend Of $0.08
Aug 21Gray Television (NYSE:GTN) Is Due To Pay A Dividend Of $0.08
Aug 07Financial Position Analysis
Short Term Liabilities: GTN's short term assets ($576.0M) exceed its short term liabilities ($508.0M).
Long Term Liabilities: GTN's short term assets ($576.0M) do not cover its long term liabilities ($7.3B).
Debt to Equity History and Analysis
Debt Level: GTN's net debt to equity ratio (209.5%) is considered high.
Reducing Debt: GTN's debt to equity ratio has increased from 189.7% to 212% over the past 5 years.
Debt Coverage: GTN's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: GTN's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 01:18 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
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 .
Analyst Sources
Gray Television, Inc. is covered by 14 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. |
| Daniel Kurnos | Benchmark Company |
| Barry Lucas | G. Research, LLC |