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 debt-free asset ratio of Gray Television Inc to measure how much of total assets are equity-financed.
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. Check tangible equity quality of Gray Television Inc to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see Gray Television Inc (GTN) total market value.
| 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 | — |