Gray Television (Gray Television) Debt-to-Equity

: 2.38 (As of Dec. 2023)

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Gray Television's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $26 Mil. Gray Television's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6,214 Mil. Gray Television's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,621 Mil. Gray Television's debt to equity for the quarter that ended in Dec. 2023 was 2.38.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Gray Television's Debt-to-Equity or its related term are showing as below:

GTN' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.68 Med: 2.37 Max: 5.72
Current: 2.38

During the past 13 years, the highest Debt-to-Equity Ratio of Gray Television was 5.72. The lowest was 1.68. And the median was 2.37.

GTN's Debt-to-Equity is ranked worse than
92.17% of 843 companies
in the Media - Diversified industry
Industry Median: 0.28 vs GTN: 2.38

Gray Television Debt-to-Equity Historical Data

The historical data trend for Gray Television's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gray Television Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.77

1.68

2.84

2.36

2.38

Gray Television Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.36	2.30	2.32	2.36	2.38

Competitive Comparison

For the Broadcasting subindustry, Gray Television's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gray Television Debt-to-Equity Distribution

For the Media - Diversified industry and Communication Services sector, Gray Television's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gray Television's Debt-to-Equity falls into.

Gray Television Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gray Television's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(26	+	6214)	/	2621
	=	2.38

Gray Television's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(26	+	6214)	/	2621
	=	2.38

Gray Television (NYSE:GTN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Gray Television Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Gray Television's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Gray Television (Gray Television) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gray Television Inc (NYSE:GTN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GTN.A:USA GCZB:Germany

Address

4370 Peachtree Road NE, Atlanta, GA, USA, 30319

Website

https://www.gray.tv

Gray Television Inc is a television broadcast company. The company is engaged in owning and operating television stations. It also owns video program production, marketing, and digital business. The company has two segments namely, Broadcasting and Production companies. It generates revenue maximum revenue from the Broadcasting segment.

Executives

Richard Lee Boger	director
T L Elder	director	5087 PINE BARK CIRCLE, DUNWOODY GA 30338
Robin Robinson Howell	director	3656 TUXEDO ROAD NW, ATLANTA GA 30305
Howell Hilton H Jr	director, officer: Chairman, President & CEO	4370 PEACHTREE ROAD, N.E., ATLANTA GA 30319
Sandra Breland Mcnamara	officer: Executive Vice President, COO	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Harriett J Robinson	director
Paul Mctear	director	1451 WEST CYPRESS CREEK ROAD, SUITE 300, FORT LAUDERDALE FL 33309
D Patrick Laplatney	director	1451 WEST CYPRUS CREEK ROAD, SUITE 300, FORT LAUDERDALE FL 33309
Cowart Jackson S Iv	officer: Chief Accounting Officer	126 N WASHINGTON STREET, ALBANY GA 31701
James C Ryan	officer: EVP & Chief Financial Officer
Lorri Mcclain	director	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Robert Lawrence Smith	officer: SVP & COO	4370 PEACHTREE ROAD NE, SUITE 400, ATLANTA GA 30319
Kevin Paul Latek	officer: EVP Chief L & D Officer	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Spainhour Sterling A Jr.	director	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Bankers Fidelity Life Insurance Co	10 percent owner	4370 PEACHTREE ROAD NE, ATLANTA GA 30319