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.
Debt to equity ratio
|Interest coverage ratio||2.9x|
Recent financial health 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).