MSGSMadison Square Garden Sports Corp.
Is it safe?
Forensics clean, with a caveat: a safe balance sheet, but heavy debt (B).
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$247K, 90 days to Oct 8, 2026), selling is often routine.
Highly leveraged, watch solvency. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -42% · now 3% below its 52-week high.
Unless marked, from SEC EDGAR, as of Jun 30, 2025.
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 MSGS take a bad year?
Madison Square Garden Sports Corp. carries $94M of net debt at 2.93× EBITDA: a load its earnings can carry.
Net debt · as at Q4 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.93×
Net debt / EBITDA · 8.12× a year ago · the load is coming down
- Altman Z-score
- 3.47
Altman Z-score · safe zone, above 3
- Interest cover
- 1.37×
Interest cover · operating profit barely covers the interest bill
Details›
- Total debtQ4 2026
- $259M
- Cash and short-term investments
- $165M
- Net debt
- $94M
- EBITDA, trailing twelve months
- $32M
- Operating profit, trailing twelve months
- $29M
- Total debt / EBITDA
- 8.07×
- Annualised volatilitytwo years of daily moves
- 26%
- Worst drawdown on file
- −42%
- Below its 52-week high
- 3.4%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.