What is Madison Square Garden Entertainment's debt-to-equity?

Madison Square Garden Entertainment (MSGE) reported debt-to-equity of 24.7× in Q1 2026.

How has Madison Square Garden Entertainment's debt-to-equity changed year-over-year?

Madison Square Garden Entertainment's debt-to-equity decreased by 80.4% year-over-year, from 126.5× to 24.7×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Madison Square Garden Entertainment MSGE Debt-to-equity

Debt-to-equity at other companies

Live Nation EntertainmentLYV

38.4×-9.3×

Walt DisneyDIS

0.4×0.0×

Sphere EntertainmentSPHR

0.4×-0.3×

TKO Group HoldingsTKO

1.5×+0.7×

Versant Media Group, Inc. VSNT

0.4×—

Other financials

Income statement

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Revenue$246.3M+1.6%

Operating income$16.1M-41.1%

Net income$5.1M-36.4%

EPS (diluted)$0.11-35.3%

Balance sheet

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Cash & equivalents$323.7M+262%

Total debt$1.2B-1.4%

Total equity$48.0M+404%

Total assets$2.0B+12.5%

Cash flow

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Operating cash flow$183.9M+224%

CapEx$10.0M+236%

Free cash flow$173.9M+223%

Valuation

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Market cap$3.47B+77.8%

Enterprise value$4.34B+36.1%

P/E41.3×—

P/S3.4×+1.4×

Profitability

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Operating margin15.2%—

Net margin13.5%—

FCF margin17.3%—

Returns & leverage

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Return on equity16.3%—

Current ratio0.7×+0.1×

Where this comes from

Calculated from Madison Square Garden Entertainment’s reported figures.

total debt/total stockholders equity=24.7×

Based on the most recent quarter.

The official record: Madison Square Garden Entertainment’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Madison Square Garden Entertainment's debt-to-equity?: Madison Square Garden Entertainment (MSGE) reported debt-to-equity of 24.7× in Q1 2026.
How has Madison Square Garden Entertainment's debt-to-equity changed year-over-year?: Madison Square Garden Entertainment's debt-to-equity decreased by 80.4% year-over-year, from 126.5× to 24.7×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.