Madison Square Garden Sports Balance Sheet Health
Financial Health criteria checks 2/6
Madison Square Garden Sports has a total shareholder equity of $-277.5M and total debt of $305.0M, which brings its debt-to-equity ratio to -109.9%. Its total assets and total liabilities are $1.4B and $1.7B respectively. Madison Square Garden Sports's EBIT is $152.2M making its interest coverage ratio 6.5. It has cash and short-term investments of $52.3M.
Key information
-109.9%
Debt to equity ratio
US$305.00m
Debt
| Interest coverage ratio | 6.5x |
| Cash | US$52.25m |
| Equity | -US$277.53m |
| Total liabilities | US$1.65b |
| Total assets | US$1.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MS8 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MS8 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MS8 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MS8's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MS8's debt is well covered by operating cash flow (39.4%).
Interest Coverage: MS8's interest payments on its debt are well covered by EBIT (6.5x coverage).