SPHRSphere Entertainment Co.
Is it safe?
Forensics clean, with a caveat: a safe balance sheet and comfortable debt (AA), but big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -66% · now 40% 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 SPHR take a bad year?
Sphere Entertainment Co. carries $229M of net debt at 1.26× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2027 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.26×
Net debt / EBITDA
- Altman Z-score
- 1.82
Altman Z-score · grey zone, between 1.8 and 3
- Debt / equity
- 0.35×
Debt / equity
Details›
- Total debtQ2 2027
- $780M
- Cash and short-term investments
- $551M
- Net debt
- $229M
- EBITDA, trailing twelve months
- $182M
- Operating profit, trailing twelve months
- −$155M
- Debt / equity
- 0.35×
- Total debt / EBITDA
- 4.29×
- Annualised volatilitytwo years of daily moves
- 54%
- Worst drawdown on file
- −66%
- Below its 52-week high
- 40%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.