GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gray Media Inc (NYSE:GTN) » Definitions » Interest Coverage

GTN (Gray Media) Interest Coverage : 0.76 (As of Mar. 2025)


View and export this data going back to 1996. Start your Free Trial

What is Gray Media Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Gray Media's Operating Income for the three months ended in Mar. 2025 was $90 Mil. Gray Media's Interest Expense for the three months ended in Mar. 2025 was $-118 Mil. Gray Media's interest coverage for the quarter that ended in Mar. 2025 was 0.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Gray Media's Interest Coverage or its related term are showing as below:

GTN' s Interest Coverage Range Over the Past 10 Years
Min: 1.02   Med: 2.17   Max: 3.79
Current: 1.72


GTN's Interest Coverage is ranked worse than
82.01% of 628 companies
in the Media - Diversified industry
Industry Median: 10.66 vs GTN: 1.72

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Gray Media Interest Coverage Historical Data

The historical data trend for Gray Media's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Gray Media Interest Coverage Chart

Gray Media Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.79 2.06 2.79 1.02 1.80

Gray Media Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Interest Coverage 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 1.08 1.28 2.05 2.70 0.76

Competitive Comparison of Gray Media's Interest Coverage

For the Broadcasting subindustry, Gray Media's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Media's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Gray Media's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Gray Media's Interest Coverage falls into.


;
;

Gray Media Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Gray Media's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Gray Media's Interest Expense was $-485 Mil. Its Operating Income was $871 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,663 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*871/-485
=1.80

Gray Media's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Gray Media's Interest Expense was $-118 Mil. Its Operating Income was $90 Mil. And its Long-Term Debt & Capital Lease Obligation was $63 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*90/-118
=0.76

* 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.

The higher the ratio, the stronger the company's Financial Strength is.


Gray Media  (NYSE:GTN) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Gray Media Interest Coverage Related Terms

Thank you for viewing the detailed overview of Gray Media's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Gray Media Business Description

Traded in Other Exchanges
Address
4370 Peachtree Road NE, Suite 400, Atlanta, GA, USA, 30319
Gray Media Inc is a multimedia company. The company owns and operates local television stations and digital assets. It also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios.
Executives
Richard Lee Boger director
Paul Mctear director 1451 WEST CYPRESS CREEK ROAD, SUITE 300, FORT LAUDERDALE FL 33309
Kevin Paul Latek officer: EVP Chief L & D Officer 4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Howell Hilton H Jr director, officer: Chairman, President & CEO 4370 PEACHTREE ROAD, N.E., ATLANTA GA 30319
Robin Robinson Howell director 3656 TUXEDO ROAD NW, ATLANTA GA 30305
T L Elder director 5087 PINE BARK CIRCLE, DUNWOODY GA 30338
Sandra Breland Mcnamara officer: Executive Vice President, COO 4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Harriett J Robinson director
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
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