Sinclair (Sinclair) Debt-to-Asset : 0.72 (As of Dec. 2023)

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What is Sinclair Debt-to-Asset?

Sinclair's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $57 Mil. Sinclair's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,291 Mil. Sinclair's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $6,085 Mil. Sinclair's debt to asset for the quarter that ended in Dec. 2023 was 0.71.

Sinclair Debt-to-Asset Historical Data

The historical data trend for Sinclair's Debt-to-Asset 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.

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Sinclair Debt-to-Asset Chart

Sinclair Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.73

0.96

1.00

0.66

0.72

Sinclair Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.66	0.69	0.71	0.71	0.72

Competitive Comparison of Sinclair's Debt-to-Asset

For the Entertainment subindustry, Sinclair's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Sinclair's Debt-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sinclair's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sinclair's Debt-to-Asset falls into.

Sinclair Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sinclair's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(57	+	4291)	/	6085
	=	0.71

Sinclair's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(57	+	4291)	/	6085
	=	0.71

Sinclair (NAS:SBGI) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Sinclair Debt-to-Asset Related Terms

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

Sinclair (Sinclair) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sinclair Inc (NAS:SBGI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10706 Beaver Dam Road, Hunt Valley, MD, USA, 21030

Website

https://www.sbgi.net

Sinclair Broadcast Group is the second-largest television station operator in the U.S., with 185 stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels on networks aligned with The CW (Nexstar) and MyNetworkTV (Fox). The firm also owns the Tennis Channel and four multicast networks. Via the 2019 purchase of the Fox regional sports networks from Disney, Sinclair is now the largest owner of Diamond Sports, which operates regional sports networks. Diamond Sports sought bankruptcy protection in early 2023.

Executives

David B Gibber	officer: SVP & General Counsel	10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Howard E Friedman	director	6201 GREEN MEADOW WAY, BALTIMORE MD 21209
Jeffrey Edward Lewis	officer: Chief Compliance Officer	10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Benjamin Sr Carson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Lawrence E Mccanna	director	36 S CHARLES ST, STE 1800, BALTIMORE MD 21201
Frederick G Smith	director, 10 percent owner, officer: Vice President	10706 BEAVER DAM RD, COCKEYSVILLE MD 21030
J Duncan Smith	director, 10 percent owner, officer: Secretary	10706 BEAVER DAM RD, COCKEYSVILLE MD 21030
Laurie R Beyer	director	6331 FALCONWOOD STREET, MIDDLE RIVER MD 21220
David D Smith	director, 10 percent owner, officer: President	C/O SINCLAIR BROADCAST GROUP, 2000 WEST 41ST ST, BALTIMORE MD 21211-1420
Justin Leroy Bray	officer: VP & Treasurer	10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
David R Bochenek	officer: Controller and CAO	10706 BEAVER DAM ROAD, COCKEYSVILLE MD 21030
Barry Faber	officer: Vice President-General Counsel	10706 BEAVER DAM ROAD, COCKEYSVILLE MD 21203
Lucy Rutishauser	officer: Treasurer and VP Corp. Finance	10706 BEAVER DAM RD, COCKEYSVILLE MD 21203
Daniel C Keith	director	102 W PENNSYLVANIA AVE, STE 501, TOWSON MD 21204
Benson E Legg	director	393 SILVER MOSS DRIVE, VERO BEACH FL 32963