Equity to Asset ratio is calculated as total stockholders equity divided by total asset. 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 Total Assets for the quarter that ended in Dec. 2023 was $1,420.3 Mil.
Therefore, Madison Square Garden Entertainment's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.07.
The historical rank and industry rank for Madison Square Garden Entertainment's Equity-to-Asset or its related term are showing as below:
MSGE'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.17 Med: -0.04 Max: 0.29
Current: -0.07
During the past 4 years, the highest Equity to Asset Ratio of Madison Square Garden Entertainment was 0.29. The lowest was -0.17. And the median was -0.04.
MSGE's Equity-to-Asset is ranked worse than 91.9% of 839
companies
in the Travel & Leisure industry
Industry Median: 0.47
vs MSGE: -0.07
Madison Square Garden Entertainment Equity-to-Asset Historical Data
The historical data trend for Madison Square Garden Entertainment's Equity-to-Asset 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 Annual Data
Trend
Jun20
Jun21
Jun22
Jun23
Equity-to-Asset
-
0.29
-
-0.05
Madison Square Garden Entertainment Quarterly Data
Jun20
Jun21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Equity-to-Asset
-0.04
0.03
-0.05
-0.17
-0.07
Competitive Comparison
For the Leisure subindustry, Madison Square Garden Entertainment's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Madison Square Garden Entertainment's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Madison Square Garden Entertainment's Equity-to-Asset falls into.
Madison Square Garden Entertainment Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Madison Square Garden Entertainment's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Madison Square Garden Entertainment (NYSE:MSGE) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Madison Square Garden Entertainment Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Madison Square Garden Entertainment's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Madison Square Garden Entertainment (Madison Square Garden Entertainment) Business Description
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.
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