Gray Television Inc (GTN) — Working Capital to Net Assets Ratio
Gray Television Inc (GTN) has a Working Capital to Net Assets ratio of -1.2% as of September 2025. Working capital of $-34.00 Million (current assets of $485.00 Million minus current liabilities of $519.00 Million) is measured against net assets of $2.81 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Gray Television Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Gray Television Inc Working Capital to Net Assets (1990–2024)
This chart shows how Gray Television Inc's Working Capital to Net Assets ratio has evolved across 35 annual periods from 1990 to 2024. As of September 2025, the ratio stands at -1.2%, reflecting working capital of $-34.00 Million against net assets of $2.81 Billion USD. For the complete balance sheet picture, see Gray Television Inc asset portfolio.
Annual Working Capital to Net Assets for Gray Television Inc (1990–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Gray Television Inc from 1990 to 2024, covering 35 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Gray Television Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 0.5% | $14.00 Million | $2.93 Billion | $541.00 Million | $527.00 Million | ▼ -2.3 pp |
| 2023 | 2.8% | $73.00 Million | $2.62 Billion | $468.00 Million | $395.00 Million | ▼ -13.4 pp |
| 2022 | 16.2% | $448.00 Million | $2.77 Billion | $857.00 Million | $409.00 Million | ▼ -7.9 pp |
| 2021 | 24.1% | $579.00 Million | $2.41 Billion | $963.00 Million | $384.00 Million | ▼ -19.6 pp |
| 2020 | 43.7% | $1.05 Billion | $2.40 Billion | $1.30 Billion | $255.00 Million | ▲ +23.5 pp |
| 2019 | 20.2% | $426.00 Million | $2.11 Billion | $672.00 Million | $246.00 Million | ▼ -40.7 pp |
| 2018 | 60.8% | $722.35 Million | $1.19 Billion | $872.75 Million | $150.40 Million | ▲ +6.9 pp |
| 2017 | 53.9% | $535.45 Million | $992.90 Million | $666.76 Million | $131.31 Million | ▼ -30.7 pp |
| 2016 | 84.6% | $416.90 Million | $492.86 Million | $536.31 Million | $119.41 Million | ▲ +38.5 pp |
| 2015 | 46.1% | $197.86 Million | $429.27 Million | $285.45 Million | $87.59 Million | ▲ +5.3 pp |
| 2014 | 40.8% | $88.28 Million | $216.19 Million | $168.30 Million | $80.02 Million | ▲ +2.0 pp |
| 2013 | 38.8% | $67.50 Million | $174.01 Million | $130.59 Million | $63.09 Million | ▲ +5.0 pp |
| 2012 | 33.8% | $48.67 Million | $143.94 Million | $96.38 Million | $47.72 Million | ▲ +9.6 pp |
| 2011 | 24.3% | $29.82 Million | $122.95 Million | $79.36 Million | $49.54 Million | ▲ +4.0 pp |
| 2010 | 20.2% | $26.14 Million | $129.41 Million | $84.69 Million | $58.55 Million | ▲ +7.7 pp |
| 2009 | 12.5% | $11.71 Million | $93.62 Million | $86.78 Million | $75.07 Million | ▼ -4.3 pp |
| 2008 | 16.8% | $19.64 Million | $117.11 Million | $101.81 Million | $82.16 Million | ▲ +10.3 pp |
| 2007 | 6.5% | $21.87 Million | $337.85 Million | $98.01 Million | $76.14 Million | ▲ +2.2 pp |
| 2006 | 4.3% | $16.36 Million | $379.75 Million | $80.16 Million | $63.80 Million | ▼ -2.6 pp |
| 2005 | 6.9% | $26.40 Million | $381.00 Million | $81.18 Million | $54.78 Million | ▼ -10.5 pp |
| 2004 | 17.5% | $66.02 Million | $378.24 Million | $119.91 Million | $53.89 Million | ▲ +8.3 pp |
| 2003 | 9.2% | $33.32 Million | $362.77 Million | $78.03 Million | $44.71 Million | ▲ +0.3 pp |
| 2002 | 8.9% | $32.78 Million | $369.42 Million | $78.87 Million | $46.09 Million | ▼ -4.0 pp |
| 2001 | 12.9% | $18.33 Million | $142.20 Million | $204.70 Million | $186.38 Million | ▲ +4.4 pp |
| 2000 | 8.5% | $13.19 Million | $155.96 Million | $39.60 Million | $26.41 Million | ▲ +2.3 pp |
| 1999 | 6.2% | $10.40 Million | $168.20 Million | $39.60 Million | $29.20 Million | ▼ -1.9 pp |
| 1998 | 8.1% | $10.20 Million | $126.70 Million | $31.60 Million | $21.40 Million | ▼ -2.9 pp |
| 1997 | 10.9% | $10.10 Million | $92.30 Million | $28.70 Million | $18.60 Million | ▲ +11.4 pp |
| 1996 | -0.4% | $-400.00K | $95.20 Million | $23.50 Million | $23.90 Million | ▲ +2.9 pp |
| 1995 | -3.3% | $-300.00K | $9.00 Million | $13.40 Million | $13.70 Million | ▼ -25.3 pp |
| 1994 | 22.0% | $1.10 Million | $5.00 Million | $10.80 Million | $9.70 Million | ▼ -13.2 pp |
| 1993 | 35.2% | $2.50 Million | $7.10 Million | $6.50 Million | $4.00 Million | ▼ -72.5 pp |
| 1992 | 107.7% | $4.20 Million | $3.90 Million | $8.50 Million | $4.30 Million | ▲ +53.0 pp |
| 1991 | 54.7% | $19.80 Million | $36.20 Million | $22.50 Million | $2.70 Million | ▲ +0.0 pp |
| 1990 | 54.7% | $19.80 Million | $36.20 Million | $22.50 Million | $2.70 Million | — |