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 $6.2B, which brings its debt-to-equity ratio to 227.9%. Its total assets and total liabilities are $10.7B and $8.0B respectively. Gray Television's EBIT is $497.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $134.0M.
Key information
227.9%
Debt to equity ratio
US$6.15b
Debt
Interest coverage ratio | 1.1x |
Cash | US$134.00m |
Equity | US$2.70b |
Total liabilities | US$8.04b |
Total assets | US$10.74b |
Recent financial health updates
Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky
Jun 01Gray Television (NYSE:GTN) Has No Shortage Of Debt
Jan 24Is Gray Television (NYSE:GTN) Using Too Much Debt?
Apr 06Recent updates
Gray 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 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 04Financial Position Analysis
Short Term Liabilities: GTN's short term assets ($601.0M) exceed its short term liabilities ($424.0M).
Long Term Liabilities: GTN's short term assets ($601.0M) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: GTN's net debt to equity ratio (223%) is considered high.
Reducing Debt: GTN's debt to equity ratio has increased from 196.9% to 227.9% over the past 5 years.
Debt Coverage: GTN's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: GTN's interest payments on its debt are not well covered by EBIT (1.1x coverage).