Gray Television Financials

GTN-A Stock  USD 7.38  0.22  2.89%   
Based on the analysis of Gray Television's profitability, liquidity, and operating efficiency, Gray Television may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. At present, Gray Television's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 7.5 B, whereas Cash is forecasted to decline to about 22.9 M. Key indicators impacting Gray Television's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio3.862.74
Significantly Up
Slightly volatile
Operating Income462.5 M440.4 M
Sufficiently Up
Slightly volatile
Current Ratio1.831.07
Way Up
Slightly volatile
The financial analysis of Gray Television is a critical element in measuring its lifeblood. Investors should not minimize Gray Television's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(83.03 Million)

  
Understanding current and past Gray Television Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Gray Television's financial statements are interrelated, with each one affecting the others. For example, an increase in Gray Television's assets may result in an increase in income on the income statement.
Please note, the presentation of Gray Television's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Gray Television's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Gray Television's management manipulating its earnings.

Gray Television Stock Summary

Gray Television competes with Liberty Global, Gray Television, and Greif. Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. Gray Television, Inc. was founded in 1897 and is headquartered in Atlanta, Georgia. Gray Television operates under Broadcasting - TV classification in USA and is traded on New York Stock Exchange. It employs 7371 people.
Specialization
Communication Services, Media & Entertainment
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS3893752051
Business Address4370 Peachtree Road,
SectorMedia
IndustryCommunication Services
BenchmarkDow Jones Industrial
Websitewww.gray.tv
Phone404 266 8333
CurrencyUSD - US Dollar

Gray Television Key Financial Ratios

Gray Television Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets7.6B11.1B11.2B10.6B12.2B12.8B
Other Current Liab189M268M280M274M315.1M330.9M
Net Debt3.3B6.6B6.5B6.2B7.2B7.5B
Retained Earnings862M869M1.2B1.1B1.2B1.3B
Accounts Payable10M59M55M23M26.5M27.8M
Cash773M189M61M21M24.2M22.9M
Net Receivables446M645M672M363M417.5M438.3M
Inventory61M94M43M18M20.7M12.3M
Other Current Assets85M129M124M84M96.6M101.4M
Total Liab5.2B8.7B8.4B8.0B9.2B9.7B
Total Current Assets1.3B963M857M468M538.2M285.8M
Short Term Debt14M33M35M37M42.6M25.8M
Intangible Assets4.0B6.1B6.0B5.7B6.6B6.9B
Common Stock1.1B1.2B1.2B1.2B1.4B1.5B
Good Will1.5B2.6B2.7B2.6B3.0B3.2B
Net Tangible Assets2.1B2.4B(6.4B)2.8B3.2B3.3B
Long Term Debt4.0B6.7B6.4B6.1B7.1B7.4B
Long Term Debt Total7M4.0B6.7B6.4B7.4B7.8B
Treasury Stock(133M)(214M)(251M)(309M)(278.1M)(264.2M)

Gray Television Key Income Statement Accounts

202020212022202320242025 (projected)
Interest Expense191M205M354M440M506M531.3M
Total Revenue2.4B2.4B3.7B3.3B3.8B4.0B
Gross Profit989M803M1.4B898M1.0B1.1B
Operating Income752M381M990M383M440.5M462.5M
Ebit735M373M999M358M411.7M432.3M
Ebitda936M594M1.3B697M801.6M841.6M
Cost Of Revenue1.4B1.6B2.2B2.4B2.7B2.9B
Income Before Tax544M168M614M(82M)(94.3M)(89.6M)
Net Income410M90M455M(76M)(87.4M)(83.0M)
Income Tax Expense134M78M159M(6M)(6.9M)(6.6M)
Tax Provision134M78M159M(6M)(6.9M)(6.6M)
Net Interest Income(191M)(205M)(354M)(440M)(396M)(376.2M)

Gray Television Key Cash Accounts

202020212022202320242025 (projected)
Change In Cash561M(584M)(128M)(40M)(36M)(34.2M)
Free Cash Flow542M93M393M300M345M362.3M
Depreciation239M259M384M376M432.4M454.0M
Other Non Cash Items(33M)1M(18M)84M75.6M79.4M
Dividends Paid52M83M82M(82M)(94.3M)(89.6M)
Net Income410M90M455M(76M)(87.4M)(83.0M)
End Period Cash Flow773M189M61M21M24.2M22.9M
Change Receivables22M(14M)(30M)(26M)(23.4M)(22.2M)
Net Borrowings1.2B275M2.8B(315M)(362.3M)(344.1M)
Change To Netincome(15M)47M(18M)(49M)(44.1M)(41.9M)
Investments(48M)(49M)(16M)(291M)(334.7M)(351.4M)

Gray Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Gray Television's current stock value. Our valuation model uses many indicators to compare Gray Television value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Gray Television competition to find correlations between indicators driving Gray Television's intrinsic value. More Info.
Gray Television is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about  0.53  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Gray Television is roughly  1.88 . At present, Gray Television's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Gray Television's earnings, one of the primary drivers of an investment's value.

Gray Television Systematic Risk

Gray Television's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Gray Television volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Gray Television correlated with the market. If Beta is less than 0 Gray Television generally moves in the opposite direction as compared to the market. If Gray Television Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Gray Television is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Gray Television is generally in the same direction as the market. If Beta > 1 Gray Television moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Gray Television Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Gray Television's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Gray Television growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0994

At present, Gray Television's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Gray Television January 30, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Gray Television help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Gray Television. We use our internally-developed statistical techniques to arrive at the intrinsic value of Gray Television based on widely used predictive technical indicators. In general, we focus on analyzing Gray Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Gray Television's daily price indicators and compare them against related drivers.

Complementary Tools for Gray Stock analysis

When running Gray Television's price analysis, check to measure Gray Television's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gray Television is operating at the current time. Most of Gray Television's value examination focuses on studying past and present price action to predict the probability of Gray Television's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gray Television's price. Additionally, you may evaluate how the addition of Gray Television to your portfolios can decrease your overall portfolio volatility.
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