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
Is Sphere Entertainment (NYSE:SPHR) Weighed On By Its Debt Load?
Sep 26
Is Sphere Entertainment (NYSE:SPHR) A Risky Investment?
Jun 25Is Sphere Entertainment (NYSE:SPHR) Using Debt Sensibly?
Mar 05Health Check: How Prudently Does Madison Square Garden Entertainment (NYSE:MSGE) Use Debt?
Oct 12Recent updates
Hold On Sphere Entertainment: High Growth Comes With Debt, Cash Burn Concerns
Oct 14Is Sphere Entertainment (NYSE:SPHR) Weighed On By Its Debt Load?
Sep 26An Intrinsic Calculation For Sphere Entertainment Co. (NYSE:SPHR) Suggests It's 47% Undervalued
Aug 09Sphere Entertainment Co. (NYSE:SPHR) Stock Rockets 27% But Many Are Still Ignoring The Company
Jul 19Sphere Entertainment: Attractive Risk/Reward Profile (Upgrade)
Jul 11Is Sphere Entertainment (NYSE:SPHR) A Risky Investment?
Jun 25At US$37.75, Is It Time To Put Sphere Entertainment Co. (NYSE:SPHR) On Your Watch List?
Jun 04Estimating The Fair Value Of Sphere Entertainment Co. (NYSE:SPHR)
Apr 26The Sizzle Is Fading For Sphere Entertainment
Apr 22Is Sphere Entertainment (NYSE:SPHR) Using Debt Sensibly?
Mar 05Sphere Entertainment's (NYSE:SPHR) Attractive Earnings Are Not All Good News For Shareholders
Feb 12Sphere Entertainment: What To Consider Ahead Of Q2 2024 Earnings
Feb 01Is Now The Time To Look At Buying Sphere Entertainment Co. (NYSE:SPHR)?
Jan 13A Look At The Fair Value Of Sphere Entertainment Co. (NYSE:SPHR)
Dec 12Sphere Continues To Dazzle, Markets Continue To Underprice
Nov 21A Deep Dive Into Sphere's Unit Economics And Valuation
Oct 19Should You Investigate Sphere Entertainment Co. (NYSE:SPHR) At US$41.29?
Oct 03Sphere: A Social Media Sensation, A Stock With Something To Prove
Oct 02Sphere Entertainment: An Update On Our Initial Report (Rating Downgrade)
Aug 24A Look At The Intrinsic Value Of Sphere Entertainment Co. (NYSE:SPHR)
Aug 18Sphere Entertainment Spinoff Creating A Value Opportunity
Jun 23Sphere: Trading At A Substantial Discount To TBV
Jun 15Sphere Entertainment Co. (NYSE:SPHR) Shares Fly 28% But Investors Aren't Buying For Growth
Jun 14Madison Square Garden Entertainment: A Compelling Investment In Dynamic Entertainment
Feb 20Is Now An Opportune Moment To Examine Madison Square Garden Entertainment Corp. (NYSE:MSGE)?
Feb 14McIntyre Partnerships - Madison Square Garden: An Investor Black Box
Feb 04Calculating The Intrinsic Value Of Madison Square Garden Entertainment Corp. (NYSE:MSGE)
Jan 18Madison Square Garden Entertainment Q1 2023 Earnings Preview
Nov 08Health Check: How Prudently Does Madison Square Garden Entertainment (NYSE:MSGE) Use Debt?
Oct 12At US$57.12, Is Madison Square Garden Entertainment Corp. (NYSE:MSGE) Worth Looking At Closely?
Sep 14Estimating The Intrinsic Value Of Madison Square Garden Entertainment Corp. (NYSE:MSGE)
Aug 24Financial 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: SPHR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.7% each year