Madison Square Garden Sports Corp (MSGS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.20 | 0.24 | 0.24 | 0.27 | 0.22 | 0.26 | 0.31 | 0.16 | 0.17 | 0.21 | 0.24 | 0.27 | 0.27 | 0.29 | 0.29 | 0.29 | 0.28 | 0.09 | 0.01 | 0.01 |
| 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 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.15 | 0.01 | 0.02 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.69 | 1.54 | 1.57 |
Madison Square Garden Sports Corp's solvency ratios, as reflected in the data provided, show a mixed trend over the periods evaluated. The debt-to-assets ratio has fluctuated between 0.16 and 0.31, indicating that on average, the company relies on debt to finance about 20% to 30% of its assets.
The debt-to-capital ratio has shown significant variation, ranging from 2.45% to 32.29%, highlighting fluctuations in the proportion of debt relative to the company's total capital structure. Notably, the variation suggests periods of higher leverage and potentially increased financial risk.
The absence of data for the debt-to-equity ratio and financial leverage ratio for some periods limits a comprehensive assessment of the company's solvency using these metrics. Still, the available information points towards fluctuations in the company's debt levels relative to equity and capital, which can impact its financial stability and risk profile.
Overall, analyzing solvency ratios for Madison Square Garden Sports Corp reveals a complex picture of its debt management practices and financial health, indicating a need for a detailed assessment to understand the implications of its capital structure on long-term solvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.95 | 2.84 | 3.67 | 4.64 | 5.02 | 7.61 | 7.20 | 7.32 | 7.49 | 3.55 | -0.77 | -7.23 | -7.27 | -10.48 | -29.22 | -14.53 | -35.27 | — | — | -44.68 |
Madison Square Garden Sports Corp's interest coverage ratio has fluctuated over the past several quarters. The interest coverage ratio, which indicates a company's ability to meet interest payments on its debt, was healthy and above 1 in most periods, reflecting the company's ability to cover its interest expenses.
The interest coverage ratio peaked at 7.61 in March 2023 and remained relatively stable around 7 in subsequent quarters, indicating a strong ability to meet interest obligations. However, there were periods, such as in March 2022 and earlier, where the interest coverage ratio dropped significantly, reaching negative levels. This signified that the company's earnings were not sufficient to cover its interest expenses during those periods, raising concerns about its financial health.
Overall, while the recent interest coverage ratios have shown improvement, investors and stakeholders should continue to monitor Madison Square Garden Sports Corp's ability to generate earnings to cover its interest payments effectively in the future.