Sphere Entertainment Balance Sheet Health
Financial Health criteria checks 2/6
Sphere Entertainment has a total shareholder equity of $2.4B and total debt of $1.4B, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are $4.8B and $2.4B respectively.
Key information
56.8%
Debt to equity ratio
US$1.37b
Debt
| Interest coverage ratio | n/a |
| Cash | US$559.76m |
| Equity | US$2.42b |
| Total liabilities | US$2.37b |
| Total assets | US$4.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPHR *'s short term assets ($865.7M) do not cover its short term liabilities ($1.4B).
Long Term Liabilities: SPHR *'s short term assets ($865.7M) do not cover its long term liabilities ($998.7M).
Debt to Equity History and Analysis
Debt Level: SPHR *'s net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: SPHR *'s debt to equity ratio has increased from 2.1% to 56.8% 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: SPHR * has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SPHR * has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.