Sphere Entertainment Co (Sphere Entertainment Co) Debt-to-Equity : 0.62 (As of Dec. 2023)

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What is Sphere Entertainment Co Debt-to-Equity?

Sphere Entertainment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $904.8 Mil. Sphere Entertainment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $630.7 Mil. Sphere Entertainment Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,465.2 Mil. Sphere Entertainment Co's debt to equity for the quarter that ended in Dec. 2023 was 0.62.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sphere Entertainment Co's Debt-to-Equity or its related term are showing as below:

SPHR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.51 Max: 1.26
Current: 0.62

During the past 7 years, the highest Debt-to-Equity Ratio of Sphere Entertainment Co was 1.26. The lowest was 0.02. And the median was 0.51.

SPHR's Debt-to-Equity is ranked worse than
67.34% of 845 companies
in the Media - Diversified industry
Industry Median: 0.28 vs SPHR: 0.62

Sphere Entertainment Co Debt-to-Equity Historical Data

The historical data trend for Sphere Entertainment Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sphere Entertainment Co Debt-to-Equity Chart

Sphere Entertainment Co Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.02

0.09

0.93

0.55

0.51

Sphere Entertainment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.26	1.12	0.51	0.50	0.62

Competitive Comparison of Sphere Entertainment Co's Debt-to-Equity

For the Entertainment subindustry, Sphere Entertainment Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sphere Entertainment Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sphere Entertainment Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sphere Entertainment Co's Debt-to-Equity falls into.

Sphere Entertainment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sphere Entertainment Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(92.627	+	1228.646)	/	2583.865
	=	0.51

Sphere Entertainment Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(904.837	+	630.709)	/	2465.164
	=	0.62

Sphere Entertainment Co (NYSE:SPHR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sphere Entertainment Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sphere Entertainment Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sphere Entertainment Co (Sphere Entertainment Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sphere Entertainment Co (NYSE:SPHR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MQ2:Germany

Address

Two Penn Plaza, New York, NY, USA, 10121

Website

https://www.sphereentertainmentco.com

Sphere Entertainment Co is live entertainment and media company. The firm creates, writes, cast, produce, and tour shows and events. The company's portfolio includes Sphere, a next-generation entertainment medium to the world. The group has three reportable segments which include Entertainment, MSG Networks, and Tao Group Hospitality.

Executives

David Granville-smith	officer: Executive Vice President	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Gregory Brunner	officer: SVP, Controller & PAO	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Carl E Vogel	director	C/O SIRIUS XM RADIO INC., 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Gautam Ranji	officer: EVP, CFO & Treasurer	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Isiah Iii Thomas	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Philip Gerard D'ambrosio	officer: Interim CFO, Treasurer & Sec.	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Dolan Leinauer Corby	other: Trustee of 13(d) Group Member	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Zeppetella Courtney M	officer: SVP, Controller & CAO	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David F. Byrnes	officer: EVP & Chief Financial Officer	C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Jamal H Haughton	officer: EVP & General Counsel	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Joseph F Yospe	officer: SVP, Controller & PAO	551 5TH AVENUE, SUITE 300, NEW YORK NY 10176
Andrea Greenberg	officer: President/CEO-MSG Networks	11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Joel M. Litvin	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10011
Scott S Packman	officer: EVP & General Counsel	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Mark H Fitzpatrick	officer: EVP & Chief Financial Officer	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121