Madison Square Garden Sports Corp (MSGS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -266,310 | -293,955 | -339,189 | -358,543 | -337,234 | -333,780 | -387,750 | -173,362 | -147,089 | -179,762 | -212,090 | -234,417 | -204,308 | -257,738 | -268,009 | -242,846 | -206,986 | 2,555,080 | 2,658,320 | 2,525,540 |
| Debt-to-capital ratio | 31.65 | 9.16 | — | 32.29 | — | 21.58 | 23.48 | 4.72 | 3.02 | 2.71 | 2.80 | 2.94 | 2.36 | 3.11 | 3.39 | 3.27 | 2.45 | 0.13 | 0.01 | 0.02 |
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 shown fluctuations over the periods provided. The ratio indicates the proportion of the company's capital that is financed through debt. A higher ratio suggests a higher level of financial risk due to increased reliance on debt for funding.
From the data, we observe that the debt-to-capital ratio has varied significantly, ranging from as low as 0.01% to as high as 32.29%. The trend indicates fluctuations in the company's capital structure over time, with the ratio peaking at 32.29% in September 2023.
It is noteworthy that the ratio experienced a substantial increase from March 2022 to June 2022, reaching 3.02% and further rising to 23.48% by December 2022. This indicates a significant shift towards higher debt financing during that period.
In more recent periods, the ratio has been relatively high, exceeding 20% for most quarters. The latest available data as of June 30, 2024, shows a debt-to-capital ratio of 31.65%, indicating a higher reliance on debt to finance the company's operations.
Overall, the analysis demonstrates the fluctuating nature of Madison Square Garden Sports Corp's debt-to-capital ratio, highlighting changes in the company's capital structure and potential shifts in its financial risk profile over time.
Peer comparison
Jun 30, 2024