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GTN (Gray Television) LT-Debt-to-Total-Asset : 0.56 (As of Sep. 2024)


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What is Gray Television LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Gray Television's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.56.

Gray Television's long-term debt to total assets ratio declined from Sep. 2023 (0.58) to Sep. 2024 (0.56). It may suggest that Gray Television is progressively becoming less dependent on debt to grow their business.

Gray Television LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gray Television's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Gray Television Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.53 0.61 0.58 0.58

Gray Television Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset 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 0.58 0.58 0.58 0.58 0.56

Gray Television LT-Debt-to-Total-Asset Calculation

Gray Television's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=6214/10640
=0.58

Gray Television's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=5932/10631
=0.56

* 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.

Gray Television  (NYSE:GTN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Gray Television LT-Debt-to-Total-Asset Related Terms

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Gray Television Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gray Television Inc (NYSE:GTN) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
FUBO IHRT SSP CURI FSBN SGA MDIA UONE SJ BBGI NXST SAU:4072 XTER:RRTL TSE:9401 TSE:9404 BOM:532733 SZSE:301551 LSE:ITV TGNA SHSE:600959
Traded in Other Exchanges
GTN.A:USA GCZA:Germany GCZB:Germany 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. It has two segments namely, Broadcasting and Production companies. Majority of the revenue is generated from the broadcasting segment which operates television stations in local markets in the United States.
Executives
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
Richard Lee Boger director
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
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
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