Madison Square Garden Sports Corp (MSGS)
Cash ratio
Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 153,188 | 96,536 | 107,823 | 52,252 | 94,907 | 44,784 | 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 |
Short-term investments | US$ in thousands | — | — | — | 5,832 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Total current liabilities | US$ in thousands | 563,523 | 617,189 | 602,986 | 574,675 | 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 |
Cash ratio | 0.27 | 0.16 | 0.18 | 0.10 | 0.18 | 0.09 | 0.07 | 0.09 | 0.08 | 0.13 | 0.09 | 0.16 | 0.21 | 0.11 | 0.12 | 0.08 | 0.18 | 0.20 | 0.20 | 0.08 |
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 over the period from September 2020 through June 2025 exhibits notable fluctuations with an overall trend of variability in liquidity positioning. Initially, the ratio was relatively low at 0.08 as of September 2020, indicating limited cash holdings relative to current liabilities. Subsequently, it increased markedly to 0.20 by the end of 2020 and remained stable through March 2021, again at 0.20, suggesting a moderate improvement in liquidity during that period.
Between June 2021 and September 2021, the ratio declined sharply back to 0.08, reverting to the initial low levels, then experienced slight fluctuations in the subsequent quarters, with values of 0.12 in December 2021 and 0.11 in March 2022. A notable increase occurred in June 2022, reaching 0.21, nearly doubling previous levels, before decreasing again to 0.16 in September 2022 and dropping further to 0.09 by December 2022.
In 2023, the ratio fluctuated around 0.07 to 0.13, with a slight uptick to 0.18 in June 2023. The values suggest periods of moderate liquidity, but overall the ratios remain below 0.20 in most instances, indicating that cash holdings tend to comprise a relatively small proportion of current liabilities.
The data from 2024 indicates a period of stability with ratios oscillating between 0.07 and 0.18, and a notable peak at 0.27 in June 2025, suggesting improved liquidity in that quarter. These recent higher levels reflect an increased cushion of cash relative to current liabilities, implying a more favorable liquidity position at that time.
Overall, the company's cash ratio has demonstrated significant variability over the period, with fluctuations reflecting changes in cash holdings relative to current liabilities. While periods of higher liquidity are observed, particularly in mid-2022 and June 2025, the ratio generally remains below 0.20, indicating a conservative cash position relative to short-term obligations.
Peer comparison
Jun 30, 2025