Madison Square Garden Entertainment Corp.

NYSE:MSGE Stock Report

Mkt Cap: US$1.8b

Madison Square Garden Entertainment Financial Health

Financial Health criteria checks 1/6

Madison Square Garden Entertainment has a total shareholder equity of $43.5M and total debt of $659.6M, which brings its debt-to-equity ratio to 1516.1%. Its total assets and total liabilities are $1.5B and $1.5B respectively. Madison Square Garden Entertainment's EBIT is $127.6M making its interest coverage ratio 2.9. It has cash and short-term investments of $122.7M.

Key information


Debt to equity ratio



Interest coverage ratio2.9x
Total liabilitiesUS$1.50b
Total assetsUS$1.55b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MSGE's short term assets ($408.4M) do not cover its short term liabilities ($555.1M).

Long Term Liabilities: MSGE's short term assets ($408.4M) do not cover its long term liabilities ($947.1M).

Debt to Equity History and Analysis

Debt Level: MSGE's net debt to equity ratio (1234%) is considered high.

Reducing Debt: Insufficient data to determine if MSGE's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MSGE's debt is well covered by operating cash flow (25.4%).

Interest Coverage: MSGE's interest payments on its debt are not well covered by EBIT (2.9x coverage).

Balance Sheet

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