Madison Square Garden Sports Corp (MSGS)
Cash ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 89,136 | 40,033 | 37,880 | 51,208 | 40,398 | 65,182 | 43,912 | 81,036 | 91,018 | 49,176 | 54,815 | 33,610 | 64,902 | 69,128 | 70,762 | 23,527 | 77,852 | 2,400 | 2,425 | 1,643 |
| Short-term investments | US$ in thousands | — | — | — | 31,638 | 36,814 | — | — | — | 2,736 | — | — | — | — | — | 38 | — | — | 331,019 | 113,020 | 104,597 |
| Total current liabilities | US$ in thousands | 521,982 | 526,555 | 560,437 | 553,727 | 520,528 | 510,564 | 482,960 | 522,148 | 438,299 | 454,487 | 451,798 | 429,773 | 368,278 | 348,553 | 348,148 | 312,444 | 290,254 | 886,722 | 870,005 | 860,222 |
| Cash ratio | 0.17 | 0.08 | 0.07 | 0.15 | 0.15 | 0.13 | 0.09 | 0.16 | 0.21 | 0.11 | 0.12 | 0.08 | 0.18 | 0.20 | 0.20 | 0.08 | 0.27 | 0.38 | 0.13 | 0.12 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($89,136K
+ $—K)
÷ $521,982K
= 0.17
The cash ratio of Madison Square Garden Sports Corp has shown fluctuations over the past few quarters, ranging from 0.07 to 0.38. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position as the company has more cash on hand to cover its short-term obligations.
With a cash ratio of 0.17 at Jun 30, 2024, the company had $0.17 in cash and cash equivalents for every $1 of current liabilities. This suggests that the company had a moderate level of liquidity at that point in time. It is important to note that a cash ratio of 1 or higher is generally considered healthy as it indicates the company can fully cover its short-term liabilities with its readily available cash.
Overall, it is essential for Madison Square Garden Sports Corp to monitor its cash ratio closely to ensure it maintains an optimal level of liquidity to meet its short-term financial obligations.
Peer comparison
Jun 30, 2024