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Sphere Entertainment SPHR Cash ratio

Cash ratio at other companies

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NetflixNFLX
1×+0.3×
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0.6×0.0×
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0.2×0.0×
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Madison Square Garden EntertainmentMSGE
0.4×+0.3×
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0.2×0.0×
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0.3×0.0×

Other financials

Income statement

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Revenue$386.4M+37.7%
Operating income$7.2M+109%
Net income$4.5M+105%
EPS (diluted)-$0.04+98.2%

Balance sheet

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Cash & equivalents$630.2M+31.8%
Total debt$938.4M-35.8%
Total equity$2.2B+4.9%
Total assets$4.2B-5.1%

Cash flow

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Operating cash flow$136.2M+2,046%
CapEx$4.9M-72.1%
Free cash flow$131.4M+1,279%

Valuation

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Market cap$5.66B+256%

Profitability

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Operating margin-28.1%-4.3pp
Net margin9%+5.2pp
FCF margin25.2%+15.7pp

Returns & leverage

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Return on equity5.5%+3.2pp
Debt / equity0.4×-0.3×
Current ratio1.2×+0.7×

Where this comes from

Calculated from Sphere Entertainment’s reported figures.

cash and equivalents/total current liabilities=0.8×

Based on the most recent quarter.

The official record: Sphere Entertainment’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sphere Entertainment's cash ratio?
Sphere Entertainment (SPHR) reported cash ratio of 0.8× in Q1 2026.
How has Sphere Entertainment's cash ratio changed year-over-year?
Sphere Entertainment's cash ratio increased by 145.1% year-over-year, from 0.3× to 0.8×.
What is the long-term trend for Sphere Entertainment's cash ratio?
Over 5 years (2020 to 2025), Sphere Entertainment's cash ratio has grown at a -28.4% compound annual growth rate (CAGR), from 3.7× to 0.7×.
What does cash ratio mean?
Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.