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 (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 07Should You Investigate Gray Television, Inc. (NYSE:GTN) At US$7.40?
Jun 15Gray Television: A Heavily Discounted Stock With Serious Headwinds
Jun 03Financial 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).