Madison Square Garden Sports Corp (MSGS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.69 | 1.54 | 1.57 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,346,290K ÷ $-266,310K
= —
The financial leverage ratio of Madison Square Garden Sports Corp has been relatively stable over the past few quarters, ranging between 1.54 and 1.69. This indicates that the company is utilizing a moderate level of financial leverage in its operations. A financial leverage ratio above 1 indicates that the company has more debt than equity in its capital structure.
While the specific components of the ratio are not provided in the data, a higher financial leverage ratio suggests that the company may be relying more on debt to finance its operations and investments, which can potentially magnify returns but also increase financial risk. It is important for investors and analysts to assess the company's ability to meet its debt obligations and manage its leverage effectively.
Overall, the stability of the financial leverage ratio for Madison Square Garden Sports Corp indicates a consistent approach to capital structure management, but further analysis of the component ratios and overall financial health of the company is necessary to fully evaluate its leverage position.
Peer comparison
Jun 30, 2024