Salem Media Group Balance Sheet Health

Financial Health criteria checks 2/6

Salem Media Group has a total shareholder equity of $181.8M and total debt of $104.7M, which brings its debt-to-equity ratio to 57.6%. Its total assets and total liabilities are $422.7M and $240.9M respectively.

Key information

57.60%

Debt to equity ratio

US$104.75m

Debt

Interest coverage ratio	n/a
Cash	US$284.00k
Equity	US$181.84m
Total liabilities	US$240.86m
Total assets	US$422.70m

Recent financial health updates

Recent updates

Here's Why Salem Media Group (NASDAQ:SALM) Is Weighed Down By Its Debt Load

Jul 24

Salem Media Group (NASDAQ:SALM) Seems To Be Using A Lot Of Debt

Jan 07

Is Salem Media Group, Inc. (NASDAQ:SALM) Potentially Undervalued?

Nov 01

Here's Why We Think Salem Media Group (NASDAQ:SALM) Might Deserve Your Attention Today

Oct 05

Chris Stigall signs multi-year extension with Philadelphia's AM 990

Oct 03

Salem Media sees Q3 revenue flat to up 2% y/y

Sep 07

Is Salem Media Group (NASDAQ:SALM) Using Too Much Debt?

Aug 30

Is It Too Late To Consider Buying Salem Media Group, Inc. (NASDAQ:SALM)?

Jul 20

Is Now The Time To Put Salem Media Group (NASDAQ:SALM) On Your Watchlist?

Jun 15

Salem Media Group (NASDAQ:SALM) Takes On Some Risk With Its Use Of Debt

May 11

Salem Media Group (NASDAQ:SALM) Has A Somewhat Strained Balance Sheet

Dec 02

What Is Salem Media Group, Inc.'s (NASDAQ:SALM) Share Price Doing?

Sep 23

Salem Media Group's (NASDAQ:SALM) Robust Earnings Are Supported By Other Strong Factors

Aug 12

What Is Salem Media Group, Inc.'s (NASDAQ:SALM) Share Price Doing?

Jun 07

Financial Position Analysis

Short Term Liabilities: SALM's short term assets ($100.4M) do not cover its short term liabilities ($143.9M).

Long Term Liabilities: SALM's short term assets ($100.4M) exceed its long term liabilities ($96.9M).

Debt to Equity History and Analysis

Debt Level: SALM's net debt to equity ratio (57.4%) is considered high.

Reducing Debt: SALM's debt to equity ratio has reduced from 169.7% to 57.6% over the past 5 years.

Debt Coverage: SALM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SALM's interest payments on its debt are well covered by EBIT.

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/25 02:46
End of Day Share Price	2025/05/23 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

Salem Media Group, Inc. is covered by 6 analysts. 0 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
Stephen Weiss	BofA Global Research
Eric Wold	B. Riley Securities, Inc.
Barry Lucas	G. Research, LLC

Salem Media Group Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Salem Media Group Files Form 15

Salem Media Group Announces Voluntary Delisting from the Nasdaq Global Market

Here's Why Salem Media Group (NASDAQ:SALM) Is Weighed Down By Its Debt Load

Salem Media Group Receives a Letter from Nasdaq Regarding Minimum Bid Price Requirement

Salem Media Group (NASDAQ:SALM) Seems To Be Using A Lot Of Debt

Is Salem Media Group (NASDAQ:SALM) Using Too Much Debt?

Recent updates

Salem Media Group, Inc. announced that it has received $0.6 million in funding

Salem Media Group, Inc. announced that it has received $0.265 million in funding

Salem Media Group, Inc. (OTCPK:SALM) acquired 30% stake in MxM News from Donald Trump Jr. and Lara Trump.

Ohana Radio Partners agreed to acquire Six remaining Honolulu radio stations and two translators of Salem Media Group, Inc (OTCPK:SALM).

Logan and Amanda Sekulow acquired CCM Magazine from Salem Media Group, Inc. (OTCPK:SALM).

Salem Media Group, Inc. Announces Board of Directors Changes

Salem Media Group Announces the Appointment of Brad Parscale as Chief Strategy Officer

Educational Media Foundation agreed to acquire Contemporary Christian Music radio stations in Atlanta,Cleveland,Colorado Springs, Dallas,Portland from Salem Media Group, Inc. (OTCPK:SALM) for $80 million.

Salem Media Group, Inc. and Breitbart News Network Announce the Launch of “The Alex Marlow Show”

Salemnow Launches “Government Gangsters” Featuring Kash Patel

Salem Media Group, Inc. Launches "Letter to the American Church" Featuring Eric Metaxas

Salem Radio Network Announces New Radio/Tv Show Focused on Issues Facing the House of Representatives

Salem Media Group Files Form 15

Salem Media Group, Inc.(OTCPK:SALM) dropped from NASDAQ Composite Index

Salem Media Group Announces Voluntary Delisting from the Nasdaq Global Market

Skyhorse Publishing, Inc. entered into an agreement to acquire Regnery Publishing, Inc from Salem Media Group, Inc. (NasdaqGM:SALM)

Consensus EPS estimates fall by 233%

New minor risk - Profitability

Salem Media Group, Inc. to Report Q3, 2023 Results on Nov 13, 2023

Educational Media Foundation entered into an agreement to acquire Greenville-Spartanburg stations from Salem Media Group, Inc. (NasdaqGM:SALM).

Consensus EPS estimates fall by 58%

Salem Media Group, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Salem Media Group, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Here's Why Salem Media Group (NASDAQ:SALM) Is Weighed Down By Its Debt Load

Price target decreased by 8.1% to US$4.25

Salem Media Group Receives a Letter from Nasdaq Regarding Minimum Bid Price Requirement

Salem Media Group, Inc. (NasdaqGM:SALM) acquired Digital Felt Productions for $0.02 million.

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Salem Media Group, Inc. Provides Earnings Guidance for the Second Quarter of 2023

Salem Media Group, Inc. to Report Q1, 2023 Results on May 09, 2023

Consensus EPS estimates fall by 35%

Full year 2022 earnings: EPS misses analyst expectations

Price target decreased by 11% to US$5.13

Investor sentiment improves as stock rises 16%

Salem Media Group Announces the Promotion of Andy Massingill to the Position of Senior Director of Digital Sales

Salem Media Group (NASDAQ:SALM) Seems To Be Using A Lot Of Debt

Salem Media Group Promotes John Gallagher to Chicago from Little Rock as General Manager

Consensus EPS estimates have been downgraded.

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Salem Media Group, Inc. Provides Revenue Guidance for the Fourth Quarter 2022

Is Salem Media Group, Inc. (NASDAQ:SALM) Potentially Undervalued?

Salem Media Group, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Salem Media Group, Inc. (NasdaqGM:SALM) has entered into an agreement to acquire Assets of WMYM AM 990 and FM 98.7 in Miami from Actualidad Media Group LLC.

Here's Why We Think Salem Media Group (NASDAQ:SALM) Might Deserve Your Attention Today

Chris Stigall signs multi-year extension with Philadelphia's AM 990

Salem Media Group, Inc. Announces Executive Changes

Consensus forecasts updated

Salem Media Group, Inc. Updates Third Quarter Revenue Guidance

Salem Media sees Q3 revenue flat to up 2% y/y

Salem Media Group, Inc. Appoints Tara Loring as Eastern Regional Digital Sales Director

Is Salem Media Group (NASDAQ:SALM) Using Too Much Debt?

Consensus forecasts updated

Consensus forecasts updated

Salem Media Group, Inc. Provides Revenue Guidance for the Third Quarter 2022

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Salem Media Group, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Is It Too Late To Consider Buying Salem Media Group, Inc. (NASDAQ:SALM)?

Is Now The Time To Put Salem Media Group (NASDAQ:SALM) On Your Watchlist?

Consensus forecasts updated

Salem Media Group, Inc. Provides Revenue Guidance for the Second Quarter of 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Salem Media Group (NASDAQ:SALM) Takes On Some Risk With Its Use Of Debt

Salem Media Group, Inc. to Report Q1, 2022 Results on May 10, 2022

Price target increased to US$5.75

Salem Media Group, Inc. Announces Promotion of Jonathan Garthwaite to Senior Vice President & Publisher, Townhall Media

Salem Media Group, Inc. Provides Earnings Guidance for the First Quarter of 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Salem Media Group, Inc. to Report Q4, 2021 Results on Mar 03, 2022