Madison Square Garden Sports Corp (MSGS)
Cash ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 89,136 | 40,398 | 91,018 | 64,902 | 77,852 |
| Short-term investments | US$ in thousands | — | 36,814 | 2,736 | — | 148 |
| Total current liabilities | US$ in thousands | 521,982 | 520,528 | 438,299 | 368,278 | 290,254 |
| Cash ratio | 0.17 | 0.15 | 0.21 | 0.18 | 0.27 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($89,136K
+ $—K)
÷ $521,982K
= 0.17
Madison Square Garden Sports Corp's cash ratio has fluctuated over the past five years, ranging from 0.15 to 0.27. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio typically indicates a stronger liquidity position, as it reflects more cash available to cover short-term obligations.
In 2022, the company's cash ratio was at its highest at 0.21, suggesting an improved liquidity position compared to the prior and subsequent years. However, in 2020, the cash ratio reached its peak at 0.27, indicating the highest level of liquidity during the period analyzed.
Conversely, in 2023, the cash ratio decreased to 0.15, which may signal potential liquidity challenges or a decrease in available cash compared to the previous year. In 2024, the cash ratio slightly improved to 0.17, but it remained below the levels seen in 2022 and 2020.
Overall, fluctuations in Madison Square Garden Sports Corp's cash ratio over the past five years indicate varying levels of liquidity, and further analysis of the company's cash management practices and changes in operating activities may provide insights into the reasons behind these fluctuations.
Peer comparison
Jun 30, 2024