Madison Square Garden Sports Corp (MSGS)
Debt-to-capital ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 275,000 | 295,000 | 220,000 | 355,000 | 350,000 |
| Total stockholders’ equity | US$ in thousands | -266,310 | -337,234 | -147,089 | -204,308 | -206,986 |
| Debt-to-capital ratio | 31.65 | — | 3.02 | 2.36 | 2.45 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $275,000K ÷ ($275,000K + $-266,310K)
= 31.65
The debt-to-capital ratio of Madison Square Garden Sports Corp has displayed significant fluctuations over the past five years, ranging from 2.36 to 31.65.
In the most recent fiscal year ending June 30, 2024, the company's debt-to-capital ratio stood at 31.65, indicating a higher proportion of debt in relation to its total capital structure. This substantial increase compared to the previous year suggests a notable escalation in debt relative to capital.
In contrast, the debt-to-capital ratio for June 30, 2023, was not available (designated as -), making it challenging to assess the trend for that specific year.
The fiscal year ending June 30, 2022, showed a debt-to-capital ratio of 3.02, signaling a moderate level of debt in proportion to its capital base. This ratio represents an increase from the prior year, where the ratio was 2.36.
Looking back at June 30, 2021, and June 30, 2020, the company displayed relatively stable debt-to-capital ratios of 2.36 and 2.45, respectively. These consistent ratios suggest a balanced mix of debt and capital over these periods.
Overall, the trend in Madison Square Garden Sports Corp's debt-to-capital ratio indicates fluctuations in the company's leverage position over the past five years, with the most recent year showing a notable increase in debt relative to capital. This shift in leverage indicates the need for further analysis to understand the reasons behind these variations and their potential impact on the company's financial health and risk profile.
Peer comparison
Jun 30, 2024