Madison Square Garden Sports Corp. (MSGS) Balance Sheet
MSGS balance sheet, FY2026
June 30, 2026 · U.S. dollars$1.54B assets = $1.80B liabilities + −$263.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$263.3M).
Both columns are drawn to the same scale: what MSGS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MSGS financial health
Descriptive bands, not a rating. Fiscal FY2026.
MSGS balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.75BFY2017 | $1.54BFY2026 | −9.4%/yr | |
| Total liabilities | $1.25BFY2017 | $1.80BFY2026 | +4.1%/yr | |
| Shareholders’ equity | $2.41BFY2017 | −$263.3MFY2026 | — | |
| Cash & short-term investments | $1.27BFY2017 | $164.5MFY2026 | −20.3%/yr | |
| Total debt | $105.4MFY2017 | $1.14BFY2026 | +30.3%/yr | |
| Net cash (debt) | $1.17BFY2017 | −$979.3MFY2026 | −$2.1B | |
| Working capital | $686.9MFY2017 | −$319.1MFY2026 | −$1.0B | |
| Book value per share | $100.96FY2017 | −$10.86FY2026 | — | |
| Current ratio | 1.90FY2017 | 0.50FY2026 | −1.40 | |
| Debt / equity | 0.04FY2017 | 0.02FY2019 | −0.02 | |
| Shares outstanding | 23.9MFY2017 | 24.3MFY2026 | +0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MSGS assets
MSGS liabilities and equity
MSGS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MSGS balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $164.5M | $153.2M | $94.9M | $40.5M | $91.0M | $72.0M | $90.7M | $25.8M | $1.26B | $1.27B |
| Cash & equivalents | $164.5M | $153.2M | $94.9M | $40.5M | $91.0M | $72.0M | $90.7M | $25.8M | $1.26B | $1.27B |
| Short-term investments | — | — | −$5.8M | — | — | — | — | $108.4M | — | — |
| Receivables | $88.3M | $43.5M | $80.1M | $75.6M | $75.6M | $90.2M | $11.7M | $16.0M | $105.7M | $104.8M |
| Inventory | $0 | $0 | $0 | $24.8M | $18.8M | $23.9M | $33.5M | $76.7M | $59.7M | $57.4M |
| Other current assets | $70.5M | $53.2M | $40.8M | $7.2M | $19.9M | $0 | $0 | $1.29B | $0 | $14.7M |
| Total current assets | $323.3M | $249.9M | $215.8M | $148.1M | $205.3M | $183.5M | $127.6M | $1.41B | $1.41B | $1.45B |
| Property, plant & equipment (net) | $767.7M | $789.4M | $723.1M | $745.8M | $719.7M | $739.2M | $757.6M | $31.3M | $1.25B | $1.16B |
| Goodwill & intangible assets | $330.2M | $330.2M | $330.2M | $330.2M | $339.7M | $340.8M | $341.9M | $345.4M | $812.3M | $803.9M |
| Long-term investments | $65.6M | $54.7M | $62.5M | $67.4M | $4.7M | $0 | $0 | $84.6M | $210.0M | $242.3M |
| Other non-current assets | $50.8M | $156.5M | $110.2M | $112.5M | $131.0M | $157.3M | $62.3M | $1.96B | $139.0M | $96.1M |
| Total assets | $1.54B | $1.58B | $1.44B | $1.40B | $1.40B | $1.42B | $1.29B | $3.83B | $3.83B | $3.75B |
| Liabilities | ||||||||||
| Accounts payable | $18.4M | $14.1M | $16.6M | $14.9M | $11.3M | $19.3M | $20.3M | $1.2M | $42.6M | $41.7M |
| Short-term debt | $57.8M | $76.6M | $80.3M | $79.7M | $73.7M | $72.0M | $39.1M | $6.0M | $4.4M | — |
| Deferred revenue | $165.4M | $164.2M | $148.7M | $157.1M | $132.4M | $131.0M | $126.3M | $110.3M | $324.7M | $390.2M |
| Total current liabilities | $642.4M | $563.5M | $522.0M | $520.5M | $438.3M | $368.3M | $290.3M | $760.0M | $765.5M | $762.0M |
| Long-term debt | $242.0M | $267.0M | $275.0M | $295.0M | $220.0M | $355.0M | $350.0M | $48.6M | $101.3M | $105.4M |
| Lease obligations | $901.8M | $893.7M | $800.2M | $796.2M | $743.3M | $733.1M | $718.2M | — | — | — |
| Other long-term liabilities | $916.5M | $1.03B | $911.2M | $925.6M | $887.5M | $899.4M | $852.6M | $320.0M | $332.3M | $382.5M |
| Total liabilities | $1.80B | $1.86B | $1.71B | $1.74B | $1.55B | $1.62B | $1.49B | $1.13B | $1.20B | $1.25B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 |
| Retained earnings (deficit) | −$129.9M | −$137.6M | −$115.1M | −$173.9M | −$35.7M | −$78.9M | −$43.6M | $29.0M | −$11.1M | −$148.4M |
| Treasury stock | — | — | — | — | −$128.0M | −$146.7M | — | −$207.8M | −$223.7M | −$242.1M |
| Accumulated other comprehensive income | −$916,000 | −$897,000 | −$952,000 | −$1.0M | −$1.2M | −$2.0M | −$2.1M | −$46.9M | −$46.9M | −$34.1M |
| Minority interest | — | — | — | $0 | $1.7M | $2.4M | — | — | — | — |
| Total shareholders' equity | −$263.3M | −$281.4M | −$266.3M | −$337.2M | −$147.1M | −$204.3M | −$207.0M | $2.62B | $2.54B | $2.41B |
| Key figures | ||||||||||
| Total debt | $1.14B | $1.18B | $1.11B | $1.12B | $993.3M | $1.12B | $1.07B | $54.6M | $105.7M | $105.4M |
| Net cash (debt) | −$979.3M | −$1.03B | −$1.01B | −$1.08B | −$902.3M | −$1.05B | −$977.5M | −$28.8M | $1.15B | $1.17B |
| Working capital | −$319.1M | −$313.6M | −$306.2M | −$372.4M | −$233.0M | −$184.8M | −$162.7M | $652.6M | $649.4M | $686.9M |
| Tangible book value | −$593.5M | −$611.6M | −$596.5M | −$667.4M | −$486.8M | −$545.1M | −$548.8M | $2.28B | $1.72B | $1.60B |
| Book value per share | −$10.86 | −$11.68 | −$11.05 | −$13.94 | −$6.03 | −$8.47 | −$8.65 | $109.64 | $106.37 | $100.96 |
| Shares outstanding | 24.3M | 24.1M | 24.1M | 24.2M | 24.4M | 24.1M | 23.9M | 23.9M | 23.8M | 23.9M |
| Current ratio | 0.50 | 0.44 | 0.41 | 0.28 | 0.47 | 0.50 | 0.44 | 1.86 | 1.85 | 1.90 |
| Quick ratio | 0.39 | 0.35 | 0.34 | 0.22 | 0.38 | 0.44 | 0.35 | 0.06 | 1.78 | 1.81 |
| Debt / equity | — | — | — | — | — | — | — | 0.02 | 0.04 | 0.04 |
| Equity / assets | −17.1% | −17.8% | −18.5% | −24.0% | −10.5% | −14.4% | −16.1% | 68.3% | 66.2% | 64.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $164.5M | $107.0M | $81.3M | $57.3M | $153.2M | $96.5M | $107.8M | $52.3M | $89.1M | $44.8M | $41.2M | $52.4M |
| Cash & equivalents | $164.5M | $107.0M | $81.3M | $57.3M | $153.2M | $96.5M | $107.8M | $52.3M | $89.1M | $44.8M | $41.2M | $52.4M |
| Short-term investments | — | — | — | — | — | — | — | $5.8M | — | — | — | — |
| Receivables | $88.3M | $129.4M | $110.6M | $74.2M | $43.5M | $139.2M | $99.4M | $71.3M | $66.0M | $164.8M | $109.1M | $66.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | −$1.1M | $84.3M | $0 | $0 | $59.0M | $72.6M |
| Other current assets | $70.5M | $57.9M | $107.7M | $114.0M | $53.2M | $82.4M | $89.9M | $26.8M | $61.8M | $40.0M | $5.1M | $7.7M |
| Total current assets | $323.3M | $294.4M | $299.6M | $245.5M | $249.9M | $318.1M | $296.0M | $234.6M | $216.9M | $249.5M | $214.5M | $199.7M |
| Property, plant & equipment (net) | $767.7M | $771.5M | $28.6M | $787.1M | $789.4M | $792.9M | $713.6M | $720.7M | $723.1M | $726.5M | $736.3M | $743.6M |
| Goodwill & intangible assets | $330.2M | $330.2M | $330.2M | $330.2M | $330.2M | $330.2M | $330.2M | $330.2M | $330.2M | $330.2M | $330.2M | $330.2M |
| Long-term investments | $65.6M | $60.0M | $72.4M | $73.5M | $54.7M | $53.4M | $58.7M | $64.5M | $62.5M | $61.4M | $62.1M | $57.7M |
| Other non-current assets | $50.8M | $53.3M | $814.1M | $81.0M | $156.5M | $9.9M | $14.0M | $23.4M | $109.1M | $20.8M | $25.4M | $35.0M |
| Total assets | $1.54B | $1.51B | $1.54B | $1.52B | $1.58B | $1.50B | $1.41B | $1.37B | $1.44B | $1.39B | $1.37B | $1.37B |
| Liabilities | ||||||||||||
| Accounts payable | $18.4M | $12.8M | $8.0M | $9.6M | $14.1M | $6.9M | $6.4M | $5.3M | $9.9M | $11.0M | $10.6M | $11.8M |
| Short-term debt | $57.8M | $73.5M | $79.9M | $78.2M | $76.6M | $75.0M | $79.9M | $79.8M | $80.3M | $80.4M | $80.7M | $80.5M |
| Deferred revenue | $165.4M | $102.0M | — | $330.6M | $164.2M | $165.9M | $267.8M | $306.8M | $148.7M | $116.9M | $257.6M | $300.4M |
| Total current liabilities | $642.4M | $637.8M | $641.6M | $637.3M | $563.5M | $617.2M | $603.0M | $574.7M | $522.0M | $526.6M | $560.4M | $553.7M |
| Long-term debt | $242.0M | $242.0M | $267.0M | $267.0M | $267.0M | $267.0M | $275.0M | $275.0M | $275.0M | $330.0M | $330.0M | $370.0M |
| Lease obligations | $901.8M | $909.3M | $896.9M | $883.6M | $893.7M | $899.5M | $797.4M | $788.4M | $800.2M | $807.2M | $791.7M | $784.8M |
| Other long-term liabilities | $916.5M | $925.0M | $918.2M | $907.3M | $1.03B | $903.8M | $807.6M | $801.2M | $911.2M | $825.9M | $817.2M | $800.9M |
| Total liabilities | $1.80B | $1.80B | $1.83B | $1.81B | $1.86B | $1.79B | $1.69B | $1.65B | $1.71B | $1.68B | $1.71B | $1.72B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 | $249,000 |
| Retained earnings (deficit) | −$129.9M | −$158.2M | −$138.2M | −$146.4M | −$137.6M | −$135.8M | −$121.6M | −$122.7M | −$115.1M | −$140.6M | −$178.5M | −$192.7M |
| Accumulated other comprehensive income | −$916,000 | −$894,000 | −$894,000 | −$896,000 | −$897,000 | −$911,000 | −$925,000 | −$938,000 | −$952,000 | −$990,000 | −$997,000 | −$1.0M |
| Total shareholders' equity | −$263.3M | −$295.4M | −$282.1M | −$294.2M | −$281.4M | −$283.4M | −$273.1M | −$277.5M | −$266.3M | −$294.0M | −$339.2M | −$358.5M |
| Key figures | ||||||||||||
| Total debt | $1.14B | $1.17B | $2.03B | $1.17B | $1.18B | $1.19B | $1.10B | $1.09B | $1.11B | $1.17B | $1.15B | $1.18B |
| Net cash (debt) | −$979.3M | −$1.06B | −$1.95B | −$1.12B | −$1.03B | −$1.09B | −$994.6M | −$1.04B | −$1.02B | −$1.12B | −$1.11B | −$1.13B |
| Working capital | −$319.1M | −$343.4M | −$342.0M | −$391.8M | −$313.6M | −$299.0M | −$307.0M | −$340.0M | −$305.0M | −$277.1M | −$345.9M | −$354.1M |
| Tangible book value | −$593.5M | −$625.6M | −$612.2M | −$624.3M | −$611.6M | −$613.6M | −$603.3M | −$607.7M | −$596.5M | −$624.1M | −$669.4M | −$688.7M |
| Book value per share | −$10.86 | −$12.23 | −$11.65 | −$12.20 | −$11.68 | −$11.77 | −$11.30 | −$11.54 | −$11.02 | −$12.20 | −$14.09 | −$14.96 |
| Shares outstanding | 24.3M | 24.1M | 24.2M | 24.1M | 24.1M | 24.1M | 24.2M | 24.0M | 24.2M | 24.1M | 24.1M | 24.0M |
| Current ratio | 0.50 | 0.46 | 0.47 | 0.39 | 0.44 | 0.52 | 0.49 | 0.41 | 0.42 | 0.47 | 0.38 | 0.36 |
| Quick ratio | 0.39 | 0.37 | 0.30 | 0.21 | 0.35 | 0.38 | 0.34 | 0.22 | 0.30 | 0.40 | 0.27 | 0.22 |
| Equity / assets | −17.1% | −19.6% | −18.3% | −19.4% | −17.8% | −18.8% | −19.3% | −20.2% | −18.5% | −21.2% | −24.8% | −26.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 13, 2026); data from EODHD.
MSGS financial position
At the end of fiscal 2026 (June 30, 2026), Madison Square Garden Sports had total assets of $1.5 billion (down 2.7% from a year earlier), total liabilities of $1.8 billion and shareholders' equity of -$263.3 million. It held $164.5 million in cash and short-term investments against $1.1 billion of debt, net debt of $979.3 million. Its current ratio was 0.50.
Related: MSGS income statement, MSGS cash flow statement, MSGS key metrics. See the MSGS stock overview for the latest quote and news.
MSGS balance sheet FAQ
What are Madison Square Garden Sports's total assets?
Madison Square Garden Sports reported total assets of $1.5 billion at the end of fiscal 2026 (June 30, 2026), compared with $1.6 billion a year earlier.
How much debt does Madison Square Garden Sports have?
Madison Square Garden Sports had $1.1 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Madison Square Garden Sports have?
Madison Square Garden Sports held $164.5 million in cash and short-term investments at the end of fiscal 2026; with $1.1 billion of debt that is net debt of $979.3 million.
What is Madison Square Garden Sports's book value?
Madison Square Garden Sports's shareholders' equity (book value) was -$263.3 million at the end of fiscal 2026, or −$10.86 per share.
What is Madison Square Garden Sports's current ratio?
Madison Square Garden Sports had current assets of $323.3 million and current liabilities of $642.4 million, a current ratio of 0.50 (current liabilities exceed current assets).
How much goodwill does Madison Square Garden Sports have?
Madison Square Garden Sports carried $330.2 million of goodwill and intangible assets, 21.5% of total assets, at the end of fiscal 2026.