Madison Square Garden Sports Corp (MSGS)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 89,136 | 40,398 | 91,018 | 64,902 | 77,852 |
| Short-term investments | US$ in thousands | — | 36,814 | 2,736 | — | 148 |
| Receivables | US$ in thousands | — | — | 75,573 | 80,617 | 7,538 |
| Total current liabilities | US$ in thousands | 521,982 | 520,528 | 438,299 | 368,278 | 290,254 |
| Quick ratio | 0.17 | 0.15 | 0.39 | 0.40 | 0.29 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($89,136K
+ $—K
+ $—K)
÷ $521,982K
= 0.17
The quick ratio of Madison Square Garden Sports Corp has fluctuated over the past five years. The quick ratio for the most recent year, ending June 30, 2024, stands at 0.17, which indicates that the company may have challenges meeting its short-term obligations with its most liquid assets. Compared to the previous year, the quick ratio has slightly improved from 0.15 to 0.17. However, over the last three years, there has been a decreasing trend in the quick ratio from 0.39 in 2022 to 0.17 in 2024.
The quick ratio measures a company's ability to meet its short-term liabilities with its most liquid assets, excluding inventory. A quick ratio below 1.0 may suggest potential liquidity issues, as the company may struggle to cover its short-term obligations. Madison Square Garden Sports Corp's decreasing trend in the quick ratio over the last three years may raise concerns about its short-term liquidity position and ability to meet immediate financial obligations.
Peer comparison
Jun 30, 2024