What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Madison Square Garden Entertainment MSGE Interest coverage

Interest coverage at other companies

Live Nation EntertainmentLYV

3.1×—

Venu HoldingVENU

-6×-1.4×

Madison Square Garden SportsMSGS

-1.2×-5.1×

TKO Group HoldingsTKO

4.3×+1.6×

RDI

Reading International, Inc.RDIB

——

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$3.83B+94.2%

Enterprise value$4.69B+49.1%

P/E45.4×—

P/S3.8×+1.7×

Profitability

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Operating margin15.2%—

Net margin13.5%—

FCF margin17.3%—

Returns & leverage

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Return on equity16.3%—

Debt / equity24.7×-102×

Current ratio0.7×+0.1×

Where this comes from

Calculated from Madison Square Garden Entertainment’s reported figures.

ebit/interest expense=2.8×

Based on trailing twelve months.

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 interest coverage?: Madison Square Garden Entertainment (MSGE) reported interest coverage of 2.8× in Q1 2025.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.