GTN-AGray Media, Inc.
Is it safe?
Caution warranted: heavy debt (BB) and big price swings.
Moderately leveraged. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -76% · now 61% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can GTN-A take a bad year?
Gray Media, Inc. carries $5.63B of net debt at 9.90× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 9.90×
Net debt / EBITDA · 6.08× a year ago · the load is going up
- Interest cover
- 0.92×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 98%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $5.81B
- Cash and short-term investments
- $176M
- Net debt
- $5.63B
- EBITDA, trailing twelve months
- $569M
- Operating profit, trailing twelve months
- $435M
- Debt / equity
- 2.73×
- Total debt / EBITDA
- 10.2×
- Annualised volatilitytwo years of daily moves
- 98%
- Worst drawdown on file
- −76%
- Below its 52-week high
- 61%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Communication Services
Ranks #56 of 124 by RyuScore