Madison Square Garden Sports (Madison Square Garden Sports) Interest Expense : $-27.8 Mil (TTM As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Madison Square Garden Sports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Madison Square Garden Sports's interest expense for the three months ended in Dec. 2023 was $ -7.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-27.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Madison Square Garden Sports's Operating Income for the three months ended in Dec. 2023 was $ 28.8 Mil. Madison Square Garden Sports's Interest Expense for the three months ended in Dec. 2023 was $ -7.4 Mil. Madison Square Garden Sports's Interest Coverage for the quarter that ended in Dec. 2023 was 3.88. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Madison Square Garden Sports Interest Expense Historical Data

The historical data trend for Madison Square Garden Sports's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Madison Square Garden Sports Interest Expense Chart

Madison Square Garden Sports Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

Get a 7-Day Free Trial

-4.97

-4.46

-10.56

-11.74

-22.88

Madison Square Garden Sports Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6.08	-7.00	-6.49	-6.93	-7.42

Madison Square Garden Sports Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27.8 Mil.

Madison Square Garden Sports (NYSE:MSGS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Madison Square Garden Sports's Interest Expense for the three months ended in Dec. 2023 was $-7.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $28.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,071.0 Mil.

Madison Square Garden Sports's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	28.817	/	-7.419
	=	3.88

The higher the ratio, the stronger the company's financial strength is.

Madison Square Garden Sports (Madison Square Garden Sports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Madison Square Garden Sports Corp (NYSE:MSGS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MS8:Germany

Address

Two Penn Plaza, New York, NY, USA, 10121

Website

https://www.msgsports.com

Madison Square Garden Sports Corp is engaged in live sports and entertainment business. The Company's reportable segment: MSG Entertainment consists of live entertainment events, including concerts and other live events, such as family shows, performing arts and special events.

Executives

David Granville-smith	officer: Executive Vice President	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David G. Hopkinson	officer: President & COO	C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065
Jamaal T Lesane	officer: EVP and General Counsel	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Quentin F Dolan	director	11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Joseph Cohen	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Dolan Leinauer Corby	other: Trustee of 13D Group Member	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lawrence J. Burian	officer: EVP, GC and Secretary	TWO PENN PLAZA, NEW YORK NY 10121
Alexander Shvartsman	officer: SVP, Controller & PAO	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Stephen Mills	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Ivan G Seidenberg	director	VERIZON COMMUNICATIONS INC, 140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Anthony J Vinciquerra	director	FOX ENTERTAINMENT GROUP, INC., 10201 WEST PICO BLVD, LOS ANGELES CA 90035
Philip Gerard D'ambrosio	officer: SVP, Treasurer	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Richard D Parsons	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Andrew Lustgarten	officer: President	TWO PENN PLAZA, NEW YORK NY 10121
Charles F. Dolan 2019 Grantor Retained Annuity Trust #1m	other: Member of 13D Group	C/O DOLAN FAMILY OFFICE, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797