Madison Square Garden Sports Corp (MSGS)
Financial leverage ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,346,290 | 1,315,020 | 1,301,970 | 1,309,940 | 1,233,800 |
| Total stockholders’ equity | US$ in thousands | -266,310 | -337,234 | -147,089 | -204,308 | -206,986 |
| Financial leverage ratio | — | — | — | — | — |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,346,290K ÷ $-266,310K
= —
To calculate the financial leverage ratio for Madison Square Garden Sports Corp, we need to use the formula:
Financial Leverage Ratio = Total Debt / Total Equity
Unfortunately, without the specific data for total debt and total equity for each fiscal year provided in the table, we are unable to compute the financial leverage ratio for Madison Square Garden Sports Corp's financial performance over the years from June 30, 2020, to June 30, 2024. This ratio is crucial for understanding the extent to which the company relies on debt financing relative to equity to support its operations and growth. A higher financial leverage ratio indicates a higher level of debt relative to equity, which can magnify returns but also increase financial risk due to the obligation to service debt payments. Conversely, a lower ratio signifies a more conservative capital structure with less reliance on debt.
Peer comparison
Jun 30, 2024