Madison Square Garden Sports Corp (MSGS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 251,095 | 319,287 | 295,982 | 234,635 | 215,797 | 249,500 | 215,633 | 200,796 | 149,233 | 261,931 | 207,937 | 220,002 | 205,269 | 264,069 | 218,555 | 165,951 | 185,246 | 202,364 | 175,480 | 96,100 |
| 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 |
| Current ratio | 0.45 | 0.52 | 0.49 | 0.41 | 0.41 | 0.47 | 0.38 | 0.36 | 0.29 | 0.51 | 0.43 | 0.42 | 0.47 | 0.58 | 0.48 | 0.39 | 0.50 | 0.58 | 0.50 | 0.31 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $251,095K ÷ $563,523K
= 0.45
The current ratio of Madison Square Garden Sports Corp demonstrates considerable variability over the analyzed period from September 2020 through June 2025. Initially, in September 2020, the ratio was notably low at 0.31, indicating that the company's current assets were significantly insufficient to cover its current liabilities at that time. Throughout 2021, the ratio improved, reaching as high as 0.58 in March 2021 and December 2021, reflecting a strengthening liquidity position with current assets increasingly covering current liabilities.
During 2022, the current ratio remained relatively stable, fluctuating between 0.42 and 0.58, suggesting moderate liquidity with consistent albeit modest cushions for short-term obligations. However, a decline appears in mid-2023, with the ratio decreasing to 0.29 in June 2023, indicating a notable deterioration in liquidity and a reduced capacity to meet current liabilities with current assets. Subsequent periods show some recovery, with the ratio rising to 0.36 in September 2023 and further to 0.49 in December 2023, suggesting marginal improvements. The trend continues with ratios around 0.41 to 0.52 in early 2024 and mid-2025, generally hovering below or around the 0.50 mark.
Overall, the current ratio consistently remains below 1.0 across all periods, signifying that Madison Square Garden Sports Corp typically maintains a liquidity position characterized by insufficient current assets relative to current liabilities. This persistent below-unity ratio suggests reliance on other sources of short-term liquidity, potential liquidity management challenges, or a strategic operational stance that does not prioritize high liquidity levels. The fluctuations observed might reflect seasonal effects, operational changes, or shifts in working capital management, but the overall trend indicates a cautious liquidity profile with periods of moderate recovery and challenges in maintaining high short-term asset coverage.
Peer comparison
Jun 30, 2025