Madison Square Garden Sports Corp (MSGS)
Debt-to-equity 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-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.15 | 0.01 | 0.02 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $275,000K ÷ $-266,310K
= —
The debt-to-equity ratio for Madison Square Garden Sports Corp has shown fluctuations over the past few quarters. As of December 31, 2019, the company had a debt-to-equity ratio of 0.15, indicating higher reliance on debt financing compared to equity. This ratio decreased significantly to 0.01 as of March 31, 2020, suggesting a substantial decrease in debt relative to equity.
However, in subsequent quarters, the debt-to-equity ratio slightly increased to 0.02 as of June 30, 2020, and remained the same for the following quarters until September 30, 2020. There is no data available for the debt-to-equity ratio for the subsequent quarters.
Overall, it is essential to monitor the trend of the debt-to-equity ratio in future periods to assess the company's capital structure and financial leverage. It appears that the company significantly reduced its debt relative to equity in early 2020, but the ratio has started to inch up slightly in recent quarters.
Peer comparison
Jun 30, 2024