Madison Square Garden Sports (FRA:MS8) LT-Debt-to-Total-Asset : 0.72 (As of Dec. 2024)

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What is Madison Square Garden Sports LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Madison Square Garden Sports's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.72.

Madison Square Garden Sports's long-term debt to total assets ratio declined from Dec. 2023 (0.78) to Dec. 2024 (0.72). It may suggest that Madison Square Garden Sports is progressively becoming less dependent on debt to grow their business.

Madison Square Garden Sports LT-Debt-to-Total-Asset Historical Data

The historical data trend for Madison Square Garden Sports's LT-Debt-to-Total-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.

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Madison Square Garden Sports LT-Debt-to-Total-Asset Chart

Madison Square Garden Sports Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.83

0.80

0.71

0.79

0.76

Madison Square Garden Sports Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.78	0.78	0.76	0.74	0.72

Madison Square Garden Sports LT-Debt-to-Total-Asset Calculation

Madison Square Garden Sports's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	952.18	/	1250.705
	=	0.76

Madison Square Garden Sports's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	976.538	/	1348.888
	=	0.72

Madison Square Garden Sports (FRA:MS8) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Madison Square Garden Sports LT-Debt-to-Total-Asset Related Terms

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Madison Square Garden Sports Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Madison Square Garden Sports Corp (FRA:MS8) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MSGS:USA

Address

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

Website

https://www.msgsports.com

Madison Square Garden Sports Corp owns and operates a portfolio of assets featuring some of the recognized sports teams, including the Knicks of the NBA and the Rangers of the NHL. It generates revenue from several sources: ticket sales and a portion of suite rental fees at The Garden and others. It has one operating and reportable segment and one reporting unit for goodwill impairment testing purposes.

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