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SGA (Saga Communications) Debt-to-Equity : 0.03 (As of Sep. 2024)


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What is Saga Communications Debt-to-Equity?

Saga Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.0 Mil. Saga Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $5.0 Mil. Saga Communications's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $166.0 Mil. Saga Communications's debt to equity for the quarter that ended in Sep. 2024 was 0.03.

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 Saga Communications's Debt-to-Equity or its related term are showing as below:

SGA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.12   Max: 0.31
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Saga Communications was 0.31. The lowest was 0.03. And the median was 0.12.

SGA's Debt-to-Equity is ranked better than
89.65% of 831 companies
in the Media - Diversified industry
Industry Median: 0.28 vs SGA: 0.03

Saga Communications Debt-to-Equity Historical Data

The historical data trend for Saga Communications'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.

Saga Communications Debt-to-Equity Chart

Saga Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.05 - - -

Saga Communications Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 0.03 0.03

Competitive Comparison of Saga Communications's Debt-to-Equity

For the Broadcasting subindustry, Saga Communications'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.


Saga Communications's Debt-to-Equity Distribution in the Media - Diversified Industry

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

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



Saga Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Saga Communications's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Saga Communications  (NAS:SGA) 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.


Saga Communications Debt-to-Equity Related Terms

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


Saga Communications Business Description

Traded in Other Exchanges
N/A
Address
73 Kercheval Avenue, Grosse Pointe Farms, MI, USA, 48236
Saga Communications Inc is a broadcast company engaged in acquiring, developing, and operating broadcast properties. The company's objective is to operate top billing radio stations in mid-sized markets and It derives a majority of its revenue from the sale of advertising for broadcast on its stations.
Executives
Michael W Schechter director C/O TOWERVIEW LLC, 460 PARK AVENUE, NEW YORK NY 10022
Wayne Leland officer: SVP of Operations 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Edward K. Christian Trust 10 percent owner 500 WOODWARD AVENUE, SUITE 4000, DETROIT MI 48226
Christopher Forgy officer: SVP - OPERATIONS 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Michael J. Bergner director C/O SAGA COMMUNICATIONS, INC., 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Towerview Llc 10 percent owner 460 PARK AVENUE, NEW YORK NY 10022
Warren S Lada officer: Senior VP - Operations 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Gregory Dean Pearce director 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Catherine A Bobinski officer: VP, Contr & Chf Acctg Officer 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Marcia Lobaito officer: Senior VP and Secretary 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Samuel D Bush officer: Senior VP and CFO 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
David B Stephens director 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Timothy J. Clarke director 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Gary G Stevens director 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Coppedge Roy F Iii director 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236