What is Gray Television's cash ratio?

Gray Television (GTN) reported cash ratio of 0.6× in Q1 2026.

How has Gray Television's cash ratio changed year-over-year?

Gray Television's cash ratio increased by 50.4% year-over-year, from 0.4× to 0.6×.

What is the long-term trend for Gray Television's cash ratio?

Over 5 years (2020 to 2025), Gray Television's cash ratio has grown at a -25.1% compound annual growth rate (CAGR), from 3× to 0.7×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Gray Television GTN Cash ratio

Cash ratio at other companies

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0.3×0.0×

Meta Platforms, Inc.META

0.7×-0.2×

iHeartMedia, Inc.IHRT

0.2×-0.1×

MGN

MagniteMGNI

0.1×-0.2×

Fox CorporationFOXA

1.4×0.0×

Alphabet Inc.GOOGL

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Other financials

Income statement

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Revenue$768.0M-1.8%

Operating income$81.0M-12.0%

Net income-$20.0M-122%

EPS (diluted)-$0.34-47.8%

Balance sheet

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Cash & equivalents$259.0M+23.3%

Total debt$5.8B+2.3%

Total equity$2.1B-6.3%

Total assets$10.3B-1.1%

Cash flow

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Operating cash flow$1.0M-99.2%

CapEx$19.0M+26.7%

Free cash flow-$18.0M-115%

Valuation

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Market cap$367.8M-15.6%

Enterprise value$5.92B+0.2%

P/S0.1×0.0×

Profitability

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Operating margin12.4%-10.4pp

Net margin-3.1%-10.8pp

FCF margin1.9%-17.6pp

Returns & leverage

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Return on equity-4.4%-17.3pp

Debt / equity2.8×+0.2×

Current ratio1.2×+0.3×

Where this comes from

Calculated from Gray Television’s reported figures.

cash and equivalents/total current liabilities=0.6×

Based on the most recent quarter.

The official record: Gray Television’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gray Television's cash ratio?: Gray Television (GTN) reported cash ratio of 0.6× in Q1 2026.
How has Gray Television's cash ratio changed year-over-year?: Gray Television's cash ratio increased by 50.4% year-over-year, from 0.4× to 0.6×.
What is the long-term trend for Gray Television's cash ratio?: Over 5 years (2020 to 2025), Gray Television's cash ratio has grown at a -25.1% compound annual growth rate (CAGR), from 3× to 0.7×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.