Madison Square Garden Sports Corp (MSGS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 29,437 | 167,252 | 99,389 | 80,653 | 80,090 | 157,699 | 109,136 | 66,866 | 74,029 | 106,888 | 96,452 | 66,928 | 76,948 | 163,074 | 93,351 | 38,229 | 53,696 | 92,515 | 41,108 | 28,759 |
| 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 |
| Quick ratio | 0.32 | 0.43 | 0.34 | 0.24 | 0.34 | 0.38 | 0.26 | 0.21 | 0.22 | 0.34 | 0.29 | 0.28 | 0.38 | 0.47 | 0.33 | 0.17 | 0.32 | 0.46 | 0.32 | 0.17 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($153,188K
+ $—K
+ $29,437K)
÷ $563,523K
= 0.32
The quick ratio of Madison Square Garden Sports Corp has demonstrated notable fluctuations over the observed period from September 2020 to June 2025. Initially, the ratio was low at 0.17 as of September 30, 2020, indicating a limited ability to meet short-term obligations using the most liquid assets excluding inventories. During the subsequent quarters, the ratio experienced a gradual increase, reaching a peak of 0.47 on March 31, 2022, suggesting improved short-term liquidity and a higher proportion of liquid assets relative to current liabilities.
Following this peak, the quick ratio displayed a declining trend, albeit with some periods of stabilization. For instance, it decreased to 0.38 by June 30, 2022, then further declined to 0.21 as of September 30, 2023. Despite this downward trend, the ratio remained above 0.20, which is typically considered below the ideal threshold of 1.0 and indicates that the company's liquid assets are insufficient to cover its current liabilities without selling inventory or securing additional financing.
In more recent periods, the quick ratio fluctuated within a narrow range, reaching 0.34 on March 31, 2024, before experiencing a slight decline to 0.24 as of September 30, 2024. By the end of the period, in June 2025, the ratio had recovered somewhat to 0.32. Overall, these figures portray a company with a generally modest short-term liquidity position that has experienced periods of relative strength and weakness. The persistent below-one quick ratio suggests potential liquidity constraints, emphasizing the importance of monitoring changes in liquid assets relative to current liabilities for future financial stability.
Peer comparison
Jun 30, 2025