Madison Square Garden Entertainment Corp. key statistics and ratios

In fiscal 2026, Madison Square Garden Entertainment Corp. had an operating margin of 13.3%, debt equal to 1246.8% of equity and a current ratio of 0.70. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Madison Square Garden Entertainment Corp.: financial ratios, annual
Fiscal year	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026
Operating margin	−290.0%	−0.9%	12.3%	11.7%	13.0%	13.3%
Net margin	−267.2%	−20.4%	9.0%	15.0%	4.0%	6.2%
Return on equity	−43.8%	−53.6%	—	—	—	—
Return on assets	—	−8.7%	5.2%	9.8%	2.3%	3.7%
Asset turnover	—	0.43	0.58	0.65	0.59	0.59
Current ratio	—	0.63	0.55	0.43	0.47	0.70
Debt to equity	0.0%	—	—	—	—	>999%
Interest cover (operating income ÷ interest)	n/m	n/m	2.0x	1.9x	2.4x	3.5x
Effective tax rate	—	—	—	—	42.9%	38.1%
SG&A as % of revenue	167.0%	25.6%	21.2%	21.6%	22.8%	23.9%

US$ thousands unless shown otherwise. Fiscal quarters.

Madison Square Garden Entertainment Corp.: financial ratios, quarterly
Quarter	2025 Q1Sept 2024	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Sept 2025	2026 Q2Dec 2025	2026 Q3Mar 2026	2026 Q4Jun 2026
Operating margin	−13.3%	34.1%	11.3%	−16.7%	−18.8%	35.6%	6.5%	−4.4%
Net margin	−13.9%	18.6%	3.3%	−17.6%	−13.7%	20.2%	2.1%	−5.1%
Current ratio	0.50	0.54	0.57	0.47	0.48	0.68	0.72	0.70
Debt to equity	—	>999%	>999%	—	—	>999%	>999%	>999%
SG&A as % of revenue	33.0%	14.0%	21.5%	38.9%	35.8%	14.9%	24.8%	34.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · June 30, 2026

What it owns · $1.9bn

Short-term assets $522mLonger-term assets $1.4bn

What it owes, and who funded it · $1.9bn

Short-term liabilities $748mLonger-term liabilities $1.1bnShareholders' equity $46m

Short-term assets cover short-term liabilities $522m of assets due within a year against $748m of liabilities due within a year.
Short-term assets cover long-term liabilities $522m short-term assets against $1.1bn of longer-dated liabilities.
More cash than debt $294m of cash against $571m of debt.
Debt below 40% of shareholders' equity Debt is 1247% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $351m of operating cash flow against $571m of debt.
Operating profit covers interest at least five times over Operating income of $142m against $40m of interest.

From Madison Square Garden Entertainment Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Madison Square Garden Entertainment Corp.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Madison Square Garden Entertainment Corp.