MSGEMadison Square Garden Entertainment Corp.
Is it safe?
Solid, nothing alarming. Balance sheet to watch.
Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -34% · now 9% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can MSGE take a bad year?
Madison Square Garden Entertainment Corp. carries $277M of net debt at 1.40× EBITDA: a load its earnings can carry.
Net debt · as at Q4 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.40×
Net debt / EBITDA · 3.09× a year ago · the load is coming down
- Altman Z-score
- 2.07
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 3.54×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ4 2026
- $571M
- Cash and short-term investments
- $294M
- Net debt
- $277M
- EBITDA, trailing twelve months
- $198M
- Operating profit, trailing twelve months
- $142M
- Debt / equity
- 12.5×
- Total debt / EBITDA
- 2.89×
- Annualised volatilitytwo years of daily moves
- 34%
- Worst drawdown on file
- −34%
- Below its 52-week high
- 8.7%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.