Madison Square Garden Sports Corp (MSGS)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 216,942 | 149,233 | 205,269 | 185,246 | 128,278 |
| Total current liabilities | US$ in thousands | 521,982 | 520,528 | 438,299 | 368,278 | 290,254 |
| Current ratio | 0.42 | 0.29 | 0.47 | 0.50 | 0.44 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $216,942K ÷ $521,982K
= 0.42
Madison Square Garden Sports Corp's current ratio has fluctuated over the past five years, ranging from 0.29 to 0.50. The current ratio represents the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates potential liquidity issues.
In the most recent fiscal year ending June 30, 2024, the current ratio of 0.42 suggests that the company may have difficulty covering its current liabilities with its current assets. This ratio has deteriorated compared to the prior year, where it was 0.47. It is important to note that a declining current ratio may raise concerns about the company's short-term financial health and its ability to manage its obligations.
Further analysis and monitoring of Madison Square Garden Sports Corp's current ratio trends are advisable to assess its liquidity position accurately and determine if the company is effectively managing its short-term financial obligations.
Peer comparison
Jun 30, 2024