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 Madison Square Garden Sports Corp leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
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. See MSGS defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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 MSGS stock market capitalisation.
| 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 | — |