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 133.2% as of September 2025. Working capital of $-391.78 Million (current assets of $245.55 Million minus current liabilities of $637.32 Million) is measured against net assets of $-294.18 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Madison Square Garden Sports Corp's balance sheet to measure how much of total assets are equity-financed.
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 September 2025, the ratio stands at 133.2%, reflecting working capital of $-391.78 Million against net assets of $-294.18 Million USD. Check MSGS tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see Madison Square Garden Sports Corp market cap and net worth.
| 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 | ▼ -50.6 pp |
| 2022 | 161.1% | $-234.18 Million | $-145.38 Million | $204.12 Million | $438.30 Million | ▲ +69.5 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 | — |