|Bid||2.7800 x 900|
|Ask||2.7900 x 1300|
|Day's Range||2.6500 - 2.8100|
|52 Week Range||1.1500 - 5.1500|
|Beta (5Y Monthly)||1.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 10, 2021 - Jun 14, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||4.00|
Shareholders of Beasley Broadcast Group, Inc. ( NASDAQ:BBGI ) will be pleased this week, given that the stock price is...
Shares of Beasley Broadcast Group (NASDAQ:BBGI) increased by 92.96% in the past three months. Before having a look at the importance of debt, let us look at how much debt Beasley Broadcast Group has. Beasley Broadcast Group's Debt Based on Beasley Broadcast Group's balance sheet as of November 12, 2020, long-term debt is at $257.39 million and current debt is at $2.82 million, amounting to $260.21 million in total debt. Adjusted for $15.49 million in cash-equivalents, the company's net debt is at $244.72 million. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. Shareholders look at the debt-ratio to understand how much financial leverage a company has. Beasley Broadcast Group has $735.94 million in total assets, therefore making the debt-ratio 0.35. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 25% might be higher for one industry and normal for another. Why Shareholders Look At Debt? Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital. However, due to interest-payment obligations, cash-flow of a company can be impacted. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from BenzingaRecap: Beasley Broadcast Group Q4 EarningsEarnings Scheduled For February 10, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NEW YORK, NY / ACCESSWIRE / February 10, 2021 / Beasley Broadcast Group, Inc. (NASDAQ:BBGI) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 10, 2021 at 11:00 AM Eastern Time.