Gray Television Balance Sheet Health
Financial Health criteria checks 1/6
Gray Television has a total shareholder equity of $2.6B and total debt of $6.2B, which brings its debt-to-equity ratio to 235%. Its total assets and total liabilities are $10.6B and $8.0B respectively. Gray Television's EBIT is $450.0M making its interest coverage ratio 1. It has cash and short-term investments of $21.0M.
Key information
235.0%
Debt to equity ratio
US$6.16b
Debt
| Interest coverage ratio | 1x |
| Cash | US$21.00m |
| Equity | US$2.62b |
| Total liabilities | US$8.02b |
| Total assets | US$10.64b |
Recent financial health updates
Gray Television (NYSE:GTN) Has No Shortage Of Debt
Jan 24
Is Gray Television (NYSE:GTN) Using Too Much Debt?
Apr 06Recent updates
Gray 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 07Should You Investigate Gray Television, Inc. (NYSE:GTN) At US$7.40?
Jun 15Gray Television: A Heavily Discounted Stock With Serious Headwinds
Jun 03Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08
May 22Gray Television's (NYSE:GTN) Dividend Will Be $0.08
May 08Is Gray Television (NYSE:GTN) Using Too Much Debt?
Apr 06Gray Television (NYSE:GTN) Is Paying Out A Dividend Of $0.08
Feb 27Gray Television: Trending Towards Poor Returns And Excess Risk
Feb 23Gray Television swaps Idaho, Georgia stations with Marquee
Feb 15When Should You Buy Gray Television, Inc. (NYSE:GTN)?
Dec 30Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08
Dec 07Gray Television (NYSE:GTN) Will Pay A Dividend Of $0.08
Nov 20Gray Television declares $0.08 dividend
Nov 04Gray repays debt
Oct 03Financial Position Analysis
Short Term Liabilities: GTN's short term assets ($468.0M) exceed its short term liabilities ($395.0M).
Long Term Liabilities: GTN's short term assets ($468.0M) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: GTN's net debt to equity ratio (234.2%) is considered high.
Reducing Debt: GTN's debt to equity ratio has increased from 214.7% to 235% over the past 5 years.
Debt Coverage: GTN's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: GTN's interest payments on its debt are not well covered by EBIT (1x coverage).