SALEM MEDIA GROUP, INC. /DE/
SALM · Radio Broadcasting Stations · 27.3M shares · +1%/yr ↑ dilution · EDGAR filings ↗
Grade
C68gen composite 51pct→68
Notable findings
- No interest coverageInterest coverage 0.39 (cannot cover interest)
- Net lossNet loss (net margin -1.2%)
- Weak liquidityCurrent ratio 0.70 (<1)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
1.9%
Net margin
-1.2%
Return on equity
-1.8%
Return on assets
-0.6%
ROIC
1.2%
Revenue growth (QoQ)
-5.0%
Net-income growth
-107.8%
Debt / equity
0.9×
Net debt / EBITDA
9.0×
Interest coverage
0.4×
Current ratio
0.7×
EBITDA
$18M
Tangible book value
$149M
Cash & investments
$0
Stock comp / revenue
0.1%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| David A. R. Evans | Officer | $977K FY2022 |
| Edward C. Atsinger | Director | $34K FY2022 |
| Eric H. Halvorson | Director | $70K FY2022 |
| Heather W. Grizzle. | Director | $66K FY2022 |
| Jacki L. Pick | Director | $40K FY2022 |
| Richard A. Riddle | Director | $64K FY2022 |
| Stuart W. Epperson Jr. | Director | $48K FY2022 |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2024-01-25 | Material agreementExhibits | filing ↗ |
| 2023-12-29 | Delisting noticeExhibits | filing ↗ |
| 2023-12-27 | Material agreement1.02Debt obligationOtherExhibits | filing ↗ |
| 2023-12-01 | Material agreementExhibits | filing ↗ |
| 2023-11-13 | ResultsReg FDExhibits | filing ↗ |
| 2023-11-03 | Material agreementExhibits | filing ↗ |
| 2023-10-04 | Material agreementOtherExhibits | filing ↗ |
| 2023-09-29 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2024-01-25 | 2024-01-19 | 0001193125-24-015453 ↗ |
| 8-K | 2023-12-29 | 2023-12-22 | 0001193125-23-305906 ↗ |
| 8-K | 2023-12-27 | 2023-12-26 | 0001193125-23-303756 ↗ |
| 8-K | 2023-12-01 | 2023-12-01 | 0001193125-23-287578 ↗ |
| 10-Q | 2023-11-13 | 2023-09-30 | 0001193125-23-276229 ↗ |
| 8-K | 2023-11-13 | 2023-11-13 | 0001193125-23-276041 ↗ |
| 8-K | 2023-11-03 | 2023-11-02 | 0001193125-23-270512 ↗ |
| 8-K | 2023-10-04 | 2023-09-29 | 0001193125-23-250383 ↗ |
| 8-K | 2023-09-29 | 2023-09-28 | 0001193125-23-247394 ↗ |
| 8-K | 2023-09-01 | 2023-08-30 | 0001193125-23-227628 ↗ |
| 8-K | 2023-08-11 | 2023-08-07 | 0001193125-23-210683 ↗ |
| 10-Q | 2023-08-09 | 2023-06-30 | 0001193125-23-206423 ↗ |