Sphere Entertainment Balance Sheet Health
Financial Health criteria checks 1/6
Sphere Entertainment has a total shareholder equity of $2.4B and total debt of $1.4B, which brings its debt-to-equity ratio to 57%. Its total assets and total liabilities are $4.9B and $2.4B respectively.
Key information
57.0%
Debt to equity ratio
US$1.39b
Debt
Interest coverage ratio | n/a |
Cash | US$680.58m |
Equity | US$2.44b |
Total liabilities | US$2.43b |
Total assets | US$4.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MQ2's short term assets ($916.1M) do not cover its short term liabilities ($1.4B).
Long Term Liabilities: MQ2's short term assets ($916.1M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: MQ2's net debt to equity ratio (29.1%) is considered satisfactory.
Reducing Debt: MQ2's debt to equity ratio has increased from 2.6% to 57% over the past 5 years.
Debt Coverage: MQ2's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: Insufficient data to determine if MQ2's interest payments on its debt are well covered by EBIT.