Salem Media Group fourth-quarter earnings plunge by 43.44 percent on a YOY basis
Source: IRIS | 13 Mar, 2017, 09.49PM
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Rating: NAN / 5 stars. |
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Debt comes down marginally Salem Media Group, Inc. has recorded a decline in total debt over the last one year. It stood at $261.08 million as on Dec. 31, 2016, down 2.98 percent or $8.01 million from $269.09 million on Dec. 31, 2015. Total debt was 44.23 percent of total assets as on Dec. 31, 2016, compared with 45.05 percent on Dec. 31, 2015. Debt to equity ratio was at 1.22 as on Dec. 31, 2016, down from 1.28 as on Dec. 31, 2015. Interest coverage ratio deteriorated to 0.94 for the quarter from 2.41 for the same period last year.
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