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Highest Debt to Asset Ratio in the Broadcasting Industry Detected in Shares of Discovery Comm-A (DISCA, DISCK, AMCX, TGNA, SBGI)

By Amy Schwartz

Below are the three companies in the Broadcasting industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Discovery Comm-A ranks highest with a a debt to asset ratio of 65.72. Following is Discovery Comm-C with a a debt to asset ratio of 65.72. Amc Networks-A ranks third highest with a a debt to asset ratio of 62.20.

Tegna Inc follows with a a debt to asset ratio of 60.61, and Sinclair Broad-A rounds out the top five with a a debt to asset ratio of 59.50.

SmarTrend recommended that its subscribers protect gains by selling shares of Sinclair Broad-A on July 30th, 2019 by issuing a Downtrend alert when the shares were trading at $49.97. Since that call, shares of Sinclair Broad-A have fallen 10.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio discovery comm-a discovery comm-c amc networks-a tegna inc sinclair broad-a

Ticker(s): DISCA DISCK AMCX TGNA SBGI