Madison Square Garden Entertainment (Madison Square Garden Entertainment) Debt-to-Equity : -9.49 (As of Dec. 2023)

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What is Madison Square Garden Entertainment Debt-to-Equity?

Madison Square Garden Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $51.8 Mil. Madison Square Garden Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $916.6 Mil. Madison Square Garden Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-102.0 Mil. Madison Square Garden Entertainment's debt to equity for the quarter that ended in Dec. 2023 was -9.49.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Madison Square Garden Entertainment's Debt-to-Equity or its related term are showing as below:

MSGE' s Debt-to-Equity Range Over the Past 10 Years
Min: -648.67 Med: -9.49 Max: 21.32
Current: -9.49

During the past 4 years, the highest Debt-to-Equity Ratio of Madison Square Garden Entertainment was 21.32. The lowest was -648.67. And the median was -9.49.

MSGE's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs MSGE: -9.49

Madison Square Garden Entertainment Debt-to-Equity Historical Data

The historical data trend for Madison Square Garden Entertainment's Debt-to-Equity 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 Entertainment Debt-to-Equity Chart

Madison Square Garden Entertainment Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

N/A

1.48

-648.67

-13.00

Madison Square Garden Entertainment Quarterly Data
	Jun20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-18.34	21.32	-13.00	-4.13	-9.49

Competitive Comparison of Madison Square Garden Entertainment's Debt-to-Equity

For the Leisure subindustry, Madison Square Garden Entertainment's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Madison Square Garden Entertainment's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Madison Square Garden Entertainment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Madison Square Garden Entertainment's Debt-to-Equity falls into.

Madison Square Garden Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Madison Square Garden Entertainment's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(52.779	+	850.139)	/	-69.472
	=	-13.00

Madison Square Garden Entertainment's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(51.789	+	916.637)	/	-102.047
	=	-9.49

Madison Square Garden Entertainment (NYSE:MSGE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Madison Square Garden Entertainment Debt-to-Equity Related Terms

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Madison Square Garden Entertainment (Madison Square Garden Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Madison Square Garden Entertainment Corp (NYSE:MSGE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Pennsylvania Plaza, New York, NY, USA, 10121

Website

https://www.msgentertainment.com

Madison Square Garden Entertainment Corp provides live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The company's portfolio includes a collection of world-renowned venues - New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 89 years.

Executives

Madison Square Garden Entertainment Corp.	10 percent owner, other: See Remarks	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Thomas Charles Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Donna Coleman	director	2 PENNSYLVANIA PLAZA, NEW YORK NY 10121
Martin Bandier	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Quentin F Dolan	director	11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Charles P Dolan	director	2 PENN PLAZA, NEW YORK NY 10121
Ryan Thomas Dolan	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Paul Joseph Dolan	other: Trustee of 13(d) Group Member	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Mary S Dolan	other: Trustee of 13(d) Group Member	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Ryan Dolan 1989 Trust	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Tara Dolan 1989 Trust	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Kathleen M. Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Deborah Dolan-sweeney	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Thomas C. Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Marianne Dolan Weber	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112