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Relatively High Debt to Equity Ratio Detected in Shares of Amc Networks-A in the Broadcasting Industry (AMCX, DISCA, DISCK, TGNA, NXST)

By James Quinn

Below are the three companies in the Broadcasting industry with the highest debt to equity ratios. The Debt/Equity ratio measures a company's leverage and a high level often implies that a company has financed much of its growth with debt.

Amc Networks-A ranks highest with a a debt to equity ratio of 2,319.8. Following is Discovery Comm-A with a a debt to equity ratio of 321.5. Discovery Comm-C ranks third highest with a a debt to equity ratio of 321.5.

Tegna Inc follows with a a debt to equity ratio of 302.3, and Nexstar Media-A rounds out the top five with a a debt to equity ratio of 278.9.

SmarTrend recommended that its subscribers protect gains by selling shares of Discovery Comm-C on January 24th, 2020 by issuing a Downtrend alert when the shares were trading at $28.48. Since that call, shares of Discovery Comm-C have fallen 39.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to equity ratio amc networks-a discovery comm-a discovery comm-c tegna inc nexstar media-a

Ticker(s): AMCX DISCA DISCK TGNA NXST