Beasley Broadcast Group (FRA:BZS) Debt-to-Equity : 2.05 (As of Mar. 2024)

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What is Beasley Broadcast Group Debt-to-Equity?

Beasley Broadcast Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €7.4 Mil. Beasley Broadcast Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €273.1 Mil. Beasley Broadcast Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €137.2 Mil. Beasley Broadcast Group's debt to equity for the quarter that ended in Mar. 2024 was 2.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Beasley Broadcast Group's Debt-to-Equity or its related term are showing as below:

FRA:BZS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 1.06 Max: 2.3
Current: 2.05

During the past 13 years, the highest Debt-to-Equity Ratio of Beasley Broadcast Group was 2.30. The lowest was 0.60. And the median was 1.06.

FRA:BZS's Debt-to-Equity is ranked worse than
89.47% of 845 companies
in the Media - Diversified industry
Industry Median: 0.29 vs FRA:BZS: 2.05

Beasley Broadcast Group Debt-to-Equity Historical Data

The historical data trend for Beasley Broadcast Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Beasley Broadcast Group Debt-to-Equity Chart

Beasley Broadcast Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.05

1.10

1.26

1.48

2.05

Beasley Broadcast Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.50	1.56	2.30	2.05	2.05

Competitive Comparison of Beasley Broadcast Group's Debt-to-Equity

For the Broadcasting subindustry, Beasley Broadcast Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Beasley Broadcast Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Beasley Broadcast Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Beasley Broadcast Group's Debt-to-Equity falls into.

Beasley Broadcast Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Beasley Broadcast Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7.412	+	272.939)	/	136.614
	=	2.05

Beasley Broadcast Group's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7.437	+	273.087)	/	137.197
	=	2.04

Beasley Broadcast Group (FRA:BZS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Beasley Broadcast Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Beasley Broadcast Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Beasley Broadcast Group (FRA:BZS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beasley Broadcast Group Inc (FRA:BZS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BBGI:USA

Address

3033 Riviera Drive, Suite 200, Naples, FL, USA, 34103

Website

https://www.bbgi.com

Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Company currently operates three operating segments Audio, Digital and esports.

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