Gray Television Inc (GTN) — Capital Reinvestment Ratio
Gray Television Inc (GTN) has a Capital Reinvestment Ratio of 1.79x as of September 2025, meaning it reinvests 2% of its operating cash flow ($14.00 Million) in capital expenditures ($25.00 Million). Check GTN tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Gray Television Inc Capital Reinvestment Ratio (1990–2024)
This chart tracks Gray Television Inc's Capital Reinvestment Ratio across 35 annual periods. For the full cash flow conversion analysis, see GTN cash generation efficiency.
Annual Capital Reinvestment Ratio for Gray Television Inc (1990–2024)
Year-by-year Capital Reinvestment Ratio for Gray Television Inc from 1990 to 2024. See GTN free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.19x | $751.00 Million | $143.00 Million | ▼ -64.5% |
| 2023 | 0.54x | $648.00 Million | $348.00 Million | ▲ +2.1% |
| 2022 | 0.53x | $829.00 Million | $436.00 Million | ▼ -23.8% |
| 2021 | 0.69x | $300.00 Million | $207.00 Million | ▲ +309.0% |
| 2020 | 0.17x | $652.00 Million | $110.00 Million | ▼ -41.0% |
| 2019 | 0.29x | $385.00 Million | $110.00 Million | ▲ +32.0% |
| 2018 | 0.22x | $323.32 Million | $69.97 Million | ▲ +12.9% |
| 2017 | 0.19x | $180.01 Million | $34.52 Million | ▼ -9.1% |
| 2016 | 0.21x | $206.63 Million | $43.60 Million | ▼ -8.0% |
| 2015 | 0.23x | $105.61 Million | $24.22 Million | ▼ -4.4% |
| 2014 | 0.24x | $134.22 Million | $32.22 Million | ▼ -39.9% |
| 2013 | 0.40x | $60.24 Million | $24.05 Million | ▲ +45.5% |
| 2012 | 0.27x | $89.37 Million | $24.52 Million | ▼ -56.8% |
| 2011 | 0.64x | $38.17 Million | $24.27 Million | ▲ +25.0% |
| 2010 | 0.51x | $38.13 Million | $19.39 Million | ▼ -45.8% |
| 2009 | 0.94x | $18.90 Million | $17.76 Million | ▲ +324.9% |
| 2008 | 0.22x | $73.67 Million | $16.29 Million | ▼ -74.8% |
| 2007 | 0.88x | $28.36 Million | $24.83 Million | ▲ +70.0% |
| 2006 | 0.52x | $79.86 Million | $41.14 Million | ▼ -30.0% |
| 2005 | 0.74x | $50.48 Million | $37.16 Million | ▲ +108.4% |
| 2004 | 0.35x | $102.74 Million | $36.30 Million | ▼ -1.3% |
| 2003 | 0.36x | $62.32 Million | $22.31 Million | ▼ -35.0% |
| 2002 | 0.55x | $27.17 Million | $14.97 Million | ▲ +0.3% |
| 2001 | 0.55x | $20.47 Million | $11.24 Million | ▲ +119.2% |
| 2000 | 0.25x | $22.76 Million | $5.70 Million | ▼ -95.9% |
| 1999 | 6.08x | $20.80 Million | $126.40 Million | ▼ -7.3% |
| 1998 | 6.56x | $20.10 Million | $131.80 Million | ▲ +511.6% |
| 1997 | 1.07x | $9.70 Million | $10.40 Million | ▲ +281.6% |
| 1996 | 0.28x | $12.10 Million | $3.40 Million | ▼ -35.3% |
| 1995 | 0.43x | $7.60 Million | $3.30 Million | ▲ +68.9% |
| 1994 | 0.26x | $7.00 Million | $1.80 Million | ▼ -76.9% |
| 1993 | 1.11x | $900.00K | $1.00 Million | ▲ +58.7% |
| 1992 | 0.70x | $4.00 Million | $2.80 Million | ▲ +0.0% |
| 1991 | 0.70x | $4.00 Million | $2.80 Million | ▲ +198.7% |
| 1990 | 0.23x | $6.40 Million | $1.50 Million | — |