Madison Square Garden Entertainment Balance Sheet Health
Financial Health criteria checks 1/6
Madison Square Garden Entertainment has a total shareholder equity of $-102.0M and total debt of $621.9M, which brings its debt-to-equity ratio to -609.5%. Its total assets and total liabilities are $1.4B and $1.5B respectively. Madison Square Garden Entertainment's EBIT is $116.7M making its interest coverage ratio 2.3. It has cash and short-term investments of $35.2M.
Key information
-609.5%
Debt to equity ratio
US$621.94m
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$35.23m |
| Equity | -US$102.05m |
| Total liabilities | US$1.52b |
| Total assets | US$1.42b |
Recent financial health updates
No updates
Recent updates
Here's Why We Think Madison Square Garden Entertainment (NYSE:MSGE) Is Well Worth Watching
Apr 16
Madison Square Garden Entertainment: Strong Visibility Into FY24/25 Growth
Apr 09Pinning Down Madison Square Garden Entertainment Corp.'s (NYSE:MSGE) P/S Is Difficult Right Now
Feb 09Are Investors Undervaluing Madison Square Garden Entertainment Corp. (NYSE:MSGE) By 29%?
Jan 04Madison Square Garden Entertainment: Trophy Live Entertainment Infrastructure
Dec 22Analyst Estimates: Here's What Brokers Think Of Madison Square Garden Entertainment Corp. (NYSE:MSGE) After Its First-Quarter Report
Nov 10Madison Square Garden Entertainment: Should Grow As Guided, And Experience Long-Term Secular Tailwinds
Oct 19What Madison Square Garden Entertainment Corp.'s (NYSE:MSGE) P/S Is Not Telling You
Oct 18Is Madison Square Garden Entertainment Corp. (NYSE:MSGE) Trading At A 43% Discount?
Aug 16Madison Square Garden Entertainment: A Fairly Valued Pure Entertainment Play
Aug 09McIntyre Partnerships - Madison Square Garden: Could Double In The Next Five Years
Jun 21Financial Position Analysis
Short Term Liabilities: MSGE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MSGE 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: MSGE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MSGE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MSGE's debt is well covered by operating cash flow (27.6%).
Interest Coverage: MSGE's interest payments on its debt are not well covered by EBIT (2.3x coverage).