|Bid||0.00 x 1300|
|Ask||12.00 x 1200|
|Day's Range||9.86 - 10.44|
|52 Week Range||3.00 - 13.43|
|Beta (5Y Monthly)||2.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 10, 2021 - May 14, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.00|
Over the past three months, shares of Cumulus Media (NASDAQ:CMLS) rose by 13.45%. Before we understand the importance of debt, let us look at how much debt Cumulus Media has. Cumulus Media's Debt According to the Cumulus Media's most recent financial statement as reported on February 23, 2021, total debt is at $972.91 million, with $967.66 million in long-term debt and $5.25 million in current debt. Adjusting for $271.76 million in cash-equivalents, the company has a net debt of $701.15 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. To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Cumulus Media's $1.86 billion in total assets, the debt-ratio is at 0.52. 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 35% might be higher for one industry and average for another. Why Shareholders Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives. Interest-payment obligations can impact the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital. 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 BenzingaCumulus Media: Q4 Earnings InsightsEarnings Scheduled For February 23, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Image source: The Motley Fool. Cumulus Media Inc (NASDAQ: CMLS)Q4 2020 Earnings CallFeb 23, 2021, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by, and welcome to the Cumulus Media Quarterly Earnings Conference Call.
Shares of Cumulus Media (NASDAQ:CMLS) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share decreased 77.65% year over year to $0.19, which beat the estimate of $0.02. Revenue of $245,897,000 decreased by 13.86% from the same period last year, which beat the estimate of $239,230,000. Outlook Earnings guidance hasn't been issued by the company for now. Revenue guidance hasn't been issued by the company for now. Details Of The Call Date: Feb 23, 2021 View more earnings on CMLS Time: 08:30 AM ET Webcast URL: https://www.cumulusmedia.com/2021/02/09/cumulus-media-announces-conference-call-to-discuss-operating-results-for-2020/ Recent Stock Performance 52-week high: $14.50 52-week low: $3.00 Price action over last quarter: Up 68.61% Company Overview Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 23, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.