Madison Square Garden Sports Corp (MSGS)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 275,000 | 330,000 | 330,000 | 370,000 | 295,000 | 350,000 | 405,000 | 220,000 | 220,000 | 285,000 | 330,000 | 355,000 | 355,000 | 380,000 | 380,000 | 350,000 | 350,000 | 379,962 | 31,160 | 47,378 |
| Total assets | US$ in thousands | 1,346,290 | 1,388,470 | 1,368,450 | 1,366,080 | 1,315,020 | 1,363,290 | 1,300,870 | 1,345,860 | 1,301,970 | 1,363,770 | 1,349,420 | 1,327,940 | 1,309,940 | 1,304,440 | 1,292,120 | 1,219,370 | 1,233,800 | 4,309,590 | 4,081,560 | 3,961,630 |
| Debt-to-assets ratio | 0.20 | 0.24 | 0.24 | 0.27 | 0.22 | 0.26 | 0.31 | 0.16 | 0.17 | 0.21 | 0.24 | 0.27 | 0.27 | 0.29 | 0.29 | 0.29 | 0.28 | 0.09 | 0.01 | 0.01 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $275,000K ÷ $1,346,290K
= 0.20
The debt-to-assets ratio of Madison Square Garden Sports Corp has fluctuated over the past few quarters. The ratio indicates the proportion of the company's total assets that are financed by debt.
In the most recent quarter, the debt-to-assets ratio was 0.20, indicating that 20% of the company's assets were financed by debt. This ratio has shown some variability in recent quarters, ranging from a low of 0.01 to a high of 0.31.
Overall, the trend in the debt-to-assets ratio suggests that the company has been actively managing its debt levels relative to its asset base. A lower ratio is generally considered favorable as it indicates lower financial risk and potentially more financial stability.
It is important for investors and analysts to closely monitor changes in the debt-to-assets ratio over time to assess the company's financial health and risk profile.
Peer comparison
Jun 30, 2024