Madison Square Garden Sports Corp (MSGS)

Liquidity ratios

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
Current ratio 0.42 0.48 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 0.44 1.96 1.62 1.55
Quick ratio 0.17 0.08 0.07 0.15 0.15 0.34 0.29 0.27 0.39 0.43 0.37 0.23 0.40 0.45 0.31 0.15 0.29 0.53 0.29 0.27
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

Over the past few quarters, Madison Square Garden Sports Corp's liquidity ratios have shown some fluctuations. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has ranged from 0.29 to 0.58. This indicates that the company may have struggled with meeting its short-term obligations in certain quarters, as a ratio below 1 suggests potential liquidity challenges.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has shown greater variation, ranging from 0.07 to 0.53. This implies that the company's ability to meet its short-term obligations without relying on inventory has been inconsistent.

The cash ratio, which is the most stringent measure of liquidity, considering only cash and cash equivalents against current liabilities, has fluctuated between 0.07 and 0.38. This ratio indicates the company's ability to cover its liabilities with its most liquid assets, with a higher ratio suggesting a stronger liquidity position.

Overall, the liquidity ratios of Madison Square Garden Sports Corp suggest that the company has experienced some challenges in meeting its short-term obligations in certain quarters. It may be prudent for the company to closely monitor its liquidity position and implement strategies to improve its ability to meet financial commitments as they come due.

Additional liquidity measure

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 conversion cycle days 0.00 0.00 26.95 33.01 11.26 42.47 50.96 50.12 31.64 65.95 70.28 87.72 69.21 80.65 383.50 38.09 19.72 96.06 57.62 49.46

The cash conversion cycle of Madison Square Garden Sports Corp has varied significantly over the past few quarters. The company had a relatively short cash conversion cycle of 0.00 days in both June 2024 and March 2024, implying that it efficiently converted its investments in inventory and accounts receivable back into cash within the same operating cycle.

However, the cash conversion cycle increased to 26.95 days in December 2023 and further to 33.01 days in September 2023. This suggests that the company took longer to convert its inventory and receivables into cash during these periods. The cycle then decreased to 11.26 days in June 2023 before rising significantly to 42.47 days in March 2023 and 50.96 days in December 2022.

The longest cash conversion cycle within the provided period was 383.50 days in March 2021, indicating a substantial delay in converting investments into cash that quarter. This was followed by a significant improvement to 38.09 days in September 2020.

Overall, the trend in the cash conversion cycle of Madison Square Garden Sports Corp has been volatile, with fluctuations reflecting the company's ability to manage its working capital efficiently. A shorter cash conversion cycle indicates effective management of inventory and receivables, while a longer cycle may signal operational inefficiencies or challenges in collecting cash.