Madison Square Garden Sports Corp (MSGS) — Working Capital to Net Assets Ratio
Madison Square Garden Sports Corp (MSGS) has a Working Capital to Net Assets ratio of 116.2% as of March 2026. Working capital of $-343.38 Million (current assets of $294.43 Million minus current liabilities of $637.81 Million) is measured against net assets of $-295.45 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Madison Square Garden Sports Corp fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Madison Square Garden Sports Corp Working Capital to Net Assets (2013–2025)
This chart shows how Madison Square Garden Sports Corp's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 116.2%, reflecting working capital of $-343.38 Million against net assets of $-295.45 Million USD. For the complete balance sheet picture, see Madison Square Garden Sports Corp total assets.
Annual Working Capital to Net Assets for Madison Square Garden Sports Corp (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Madison Square Garden Sports Corp from 2013 to 2025, covering 13 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check how resilient are Madison Square Garden Sports Corp's assets to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 111.4% | $-313.57 Million | $-281.44 Million | $249.95 Million | $563.52 Million | ▼ -3.6 pp |
| 2024 | 115.0% | $-306.19 Million | $-266.31 Million | $215.80 Million | $521.98 Million | ▲ +4.5 pp |
| 2023 | 110.4% | $-372.44 Million | $-337.23 Million | $148.09 Million | $520.53 Million | ▼ -49.9 pp |
| 2022 | 160.3% | $-233.03 Million | $-145.38 Million | $205.27 Million | $438.30 Million | ▲ +68.8 pp |
| 2021 | 91.5% | $-184.79 Million | $-201.87 Million | $183.49 Million | $368.28 Million | ▲ +11.6 pp |
| 2020 | 80.0% | $-162.65 Million | $-203.44 Million | $127.60 Million | $290.25 Million | ▲ +55.8 pp |
| 2019 | 24.1% | $652.65 Million | $2.71 Billion | $1.41 Billion | $760.02 Million | ▼ -0.6 pp |
| 2018 | 24.7% | $649.39 Million | $2.63 Billion | $1.41 Billion | $765.50 Million | ▼ -2.8 pp |
| 2017 | 27.5% | $686.88 Million | $2.50 Billion | $1.45 Billion | $762.04 Million | ▼ -10.8 pp |
| 2016 | 38.2% | $989.04 Million | $2.59 Billion | $1.60 Billion | $614.82 Million | ▲ +68.1 pp |
| 2015 | -29.8% | $-365.08 Million | $1.22 Billion | $168.63 Million | $533.72 Million | ▲ +3.0 pp |
| 2014 | -32.8% | $-391.12 Million | $1.19 Billion | $157.92 Million | $549.04 Million | ▲ +4.0 pp |
| 2013 | -36.9% | $-338.06 Million | $916.76 Million | $127.35 Million | $465.41 Million | — |