Sphere Entertainment Balance Sheet Health
Financial Health criteria checks 2/6
Sphere Entertainment has a total shareholder equity of $2.3B and total debt of $1.4B, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are $4.6B and $2.3B respectively.
Key information
58.4%
Debt to equity ratio
US$1.35b
Debt
| Interest coverage ratio | n/a |
| Cash | US$539.63m |
| Equity | US$2.31b |
| Total liabilities | US$2.28b |
| Total assets | US$4.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MQ2's short term assets ($736.1M) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: MQ2's short term assets ($736.1M) do not cover its long term liabilities ($963.1M).
Debt to Equity History and Analysis
Debt Level: MQ2's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: MQ2's debt to equity ratio has increased from 2.1% to 58.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MQ2 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MQ2 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.