Madison Square Garden Sports Corp (MSGS)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 153,188 | 89,136 | 40,398 | 91,018 | 64,902 |
| Short-term investments | US$ in thousands | — | -5,771 | — | — | — |
| Total current liabilities | US$ in thousands | 563,523 | 521,982 | 520,528 | 438,299 | 368,278 |
| Cash ratio | 0.27 | 0.16 | 0.08 | 0.21 | 0.18 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($153,188K
+ $—K)
÷ $563,523K
= 0.27
The cash ratio of Madison Square Garden Sports Corp has exhibited notable fluctuations over the period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the company's cash ratio was 0.18, indicating that cash and cash equivalents were sufficient to cover 18% of its current liabilities. This relatively low level suggests a moderate buffer from liquid assets to meet short-term obligations.
By June 30, 2022, the cash ratio increased to 0.21, reflecting a modest improvement in liquidity position, with liquid assets now covering 21% of current liabilities. However, by June 30, 2023, the ratio declined significantly to 0.08, signaling a considerable reduction in liquidity — cash and cash equivalents could only cover 8% of current liabilities. This decline may indicate heightened short-term liabilities or reduced liquidity reserves, raising concerns about the company's ability to promptly meet its immediate obligations.
Subsequently, the ratio demonstrated a recovery, rising to 0.16 by June 30, 2024. This suggests an improvement in liquidity, although it remains below the levels observed in 2021 and 2022. The most recent figure, as of June 30, 2025, stands at 0.27, representing the highest ratio in the observed period. This indicates a strengthening of the company's short-term liquidity position, with cash and cash equivalents now covering 27% of current liabilities.
Overall, the trend in Madison Square Garden Sports Corp's cash ratio shows initial stability, followed by a significant dip in 2023, and subsequently, a steady recovery. The variation in these ratios reflects changes in the company's liquidity management and short-term financial health over the analyzed period.
Peer comparison
Jun 30, 2025