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Madison Square Garden Entertainment Corp   (MSGE)
Other Ticker:  
 
    Sector  Services    Industry Hotels & Tourism
   Industry Hotels & Tourism
   Sector  Services

Madison Square Garden Entertainment 's Working Capital Ratio

MSGE's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the second quarter 2023, Working Capital Ratio deteriorated to 0.94 a new company low.

Within Hotels & Tourism industry only one company has achieved higher Working Capital Ratio in second quarter 2023. While Working Capital Ratio total ranking has improved so far during the II Quarter 2023 to 310, from total ranking in the first quarter 2023 at 3378.

Explain Working Capital Ratio
How much in Current Assets MSGE´s has?
What is the value of MSGE´s Current Liabilities?


MSGE Working Capital Ratio (Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter

Y / Y Current Liabilities Change - - - - -
Y / Y Current Assets Change - - - - -
Working Capital Ratio MRQ 0.94 1.02 1.06 1.58 -
MSGE's Total Ranking # 310 # 3378 # 3664 # 0 # 712
Seq. Current Liabilities Change -4.05 % -0.3 % 7.57 % - -
Seq. Current Assets Change -11.75 % -3.96 % -27.69 % - -



Working Capital Ratio second quarter 2023 Company Ranking
Within: No.
Hotels & Tourism Industry # 2
Services Sector # 35
Overall Market # 310


Working Capital Ratio Statistics
High Average Low
1.58 1.15 0.94
(Mar 31 2023)   (Dec 31 2023)




Financial Statements
Madison Square Garden Entertainment 's Current Liabilities $ 266 Millions Visit MSGE's Balance sheet
Madison Square Garden Entertainment 's Current Assets $ 250 Millions Visit MSGE's Balance sheet
Source of MSGE's Sales Visit MSGE's Sales by Geography


Cumulative Madison Square Garden Entertainment 's Working Capital Ratio

MSGE's Working Capital Ratio for the trailling 12 Months

MSGE Working Capital Ratio

(Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter

Y / Y Current Liabilities TTM Growth - - - - -
Y / Y Current Assets TTM Growth - - - - -
Working Capital Ratio TTM 1.15 1.21 1.31 1.58 -
Total Ranking TTM # 520 # 2501 # 3171 # 0 # 2700
Seq. Current Liabilities TTM Growth -4.05 % -0.3 % 7.57 % - -
Seq. Current Assets TTM Growth -11.75 % -3.96 % -27.69 % - -


On the trailing twelve months basis Due to decrease in Current Liabilities in the II Quarter 2023 to $266.18 millions, cumulative Working Capital Ratio decreased to 1.15 above the MSGE average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Hotels & Tourism industry 5 other companies have achieved higher Working Capital Ratio than Madison Square Garden Entertainment . While Working Capital Ratio overall ranking has improved so far to 520, from total ranking during the twelve months ending first quarter 2023 at 2501.

Explain Working Capital Ratio
How much in Current Assets MSGE´s has?
What is the value of MSGE´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Hotels & Tourism Industry # 6
Services Sector # 80
Within the Market # 520


trailing twelve months Working Capital Ratio Statistics
High Average Low
0.55 0.55 0.55
(Dec 31 2023)  




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Hotels & Tourism Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Target Hospitality Corp   2.57 $ 180.500  Millions$ 70.330  Millions
Century Casinos Inc   2.30 $ 207.017  Millions$ 90.025  Millions
Studio City International Holdings Limited  2.02 $ 316.050  Millions$ 156.777  Millions
Wynn Resorts Limited  1.93 $ 4,241.621  Millions$ 2,200.454  Millions
Xenia Hotels and Resorts Inc   1.93 $ 197.157  Millions$ 102.389  Millions
Genius Sports Limited  1.81 $ 244.781  Millions$ 134.959  Millions
Rush Street Interactive Inc   1.66 $ 228.615  Millions$ 137.693  Millions
Civeo Corp  1.60 $ 175.246  Millions$ 109.387  Millions
Mgm Resorts International  1.57 $ 4,910.593  Millions$ 3,126.068  Millions
Las Vegas Sands Corp   1.54 $ 6,821.000  Millions$ 4,422.000  Millions
Butler National Corp  1.54 $ 38.786  Millions$ 25.226  Millions
Penn Entertainment Inc   1.50 $ 1,659.000  Millions$ 1,106.100  Millions
Melco Resorts and Entertainment Limited  1.40 $ 1,544.292  Millions$ 1,103.620  Millions
International Game Technology Plc  1.26 $ 2,123.000  Millions$ 1,691.000  Millions
Full House Resorts Inc  1.08 $ 84.639  Millions$ 78.552  Millions
Everi Holdings Inc   1.05 $ 931.530  Millions$ 884.497  Millions
Wyndham Hotels and Resorts inc   1.01 $ 373.000  Millions$ 368.000  Millions
Madison Square Garden Entertainment Corp   0.94 $ 250.253  Millions$ 266.183  Millions
Boyd Gaming Corp  0.89 $ 529.315  Millions$ 596.322  Millions
Walt Disney Co  0.84 $ 25,971.000  Millions$ 31,033.000  Millions
Red Rock Resorts Inc   0.81 $ 282.292  Millions$ 349.219  Millions
Caesars Entertainment inc   0.76 $ 2,045.000  Millions$ 2,690.000  Millions
Hilton Worldwide Holdings Inc   0.70 $ 2,614.000  Millions$ 3,722.000  Millions
Bally s Corporation  0.65 $ 572.345  Millions$ 874.780  Millions
Monarch Casino and Resort inc  0.61 $ 74.966  Millions$ 123.367  Millions
Hyatt Hotels Corporation  0.60 $ 2,130.000  Millions$ 3,578.000  Millions
Cedar Fair L p   0.52 $ 208.840  Millions$ 402.726  Millions
Marriott International Inc  0.43 $ 3,311.000  Millions$ 7,762.000  Millions
Madison Square Garden Sports Corp   0.38 $ 215.633  Millions$ 560.437  Millions
Choice Hotels International Inc  0.31 $ 296.530  Millions$ 942.690  Millions

Date modified: 2024-02-08T08:18:11+00:00



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