Sphere Net Debt from 2010 to 2024

SPHR Stock

40.29 0.75 1.83%

Sphere Entertainment Net Debt yearly trend continues to be relatively stable with very little volatility. Net Debt is likely to grow to about 1 B this year. Net Debt is the total debt of Sphere Entertainment Co minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. View All Fundamentals

Net Debt

First Reported

2015-03-31

Previous Quarter

959 M

Current Value

958.5 M

Quarterly Volatility

1.1 B

Yuan Drop

Covid

Check Sphere Entertainment financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sphere Entertainment's main balance sheet or income statement drivers, such as Depreciation And Amortization of 145.1 M, Total Revenue of 725.2 M or Gross Profit of 407.5 M, as well as many indicators such as Price To Sales Ratio of 0.98, Dividend Yield of 0.12 or PTB Ratio of 0.34. Sphere financial statements analysis is a perfect complement when working with Sphere Entertainment Valuation or Volatility modules.

Check out the analysis of Sphere Entertainment Correlation against competitors.

Latest Sphere Entertainment's Net Debt Growth Pattern

Below is the plot of the Net Debt of Sphere Entertainment Co over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Sphere Entertainment's Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sphere Entertainment's overall financial position and show how it may be relating to other accounts over time.

Net Debt

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Net Debt

Timeline

Sphere Net Debt Regression Statistics

	Arithmetic Mean	(573,491,250)
	Geometric Mean	1,026,071,813
	Coefficient Of Variation	(182.29)
	Mean Deviation	914,195,400
	Median	(1,119,945,000)
	Standard Deviation	1,045,400,184
	Sample Variance	1092861.5T
	Range	2.6B
	R-Value	0.91
	Mean Square Error	207581T
	R-Squared	0.82
	Slope	212,144,738
	Total Sum of Squares	15300061.6T

Sphere Net Debt History

	2024	1 B
	2023	959 M
	2022	1.2 B
	2021	339.2 M
	2020	494.6 M
	2019	-645.4 M
	2018	-1 B

Other Fundumenentals of Sphere Entertainment

Net Debt To E B I T D A

Sphere Entertainment Net Debt component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Current Deferred Revenue	Short Term Debt	Long Term Debt	Net Invested Capital	Long Term Investments	Short Long Term Debt	Capital Stock	Net Working Capital	Net Tangible Assets	Deferred Long Term Liab	Property Plant Equipment
Total Assets		-0.71	0.89	-0.03	0.1	0.78	0.82	0.98	-0.44	-0.6	-0.39	-0.79	0.46	0.92	0.88	0.12	0.42	-0.87	-0.68	-0.93	-0.33	0.68
Total Stockholder Equity	-0.71		-0.58	0.48	0.07	-0.51	-0.65	-0.73	0.19	0.33	0.1	0.51	-0.5	-0.7	-0.58	0.29	-0.48	0.47	0.55	0.86	0.54	-0.31
Net Debt	0.89	-0.58		0.33	0.41	0.83	0.67	0.86	-0.71	-0.63	-0.19	-0.82	0.69	0.79	0.96	0.24	0.65	-0.91	-0.87	-0.85	-0.57	0.86
Retained Earnings	-0.03	0.48	0.33		0.66	0.12	-0.2	-0.11	-0.5	-0.23	0.0	-0.14	0.23	-0.1	0.24	0.57	0.21	-0.33	-0.29	0.14	-0.19	0.43
Accounts Payable	0.1	0.07	0.41	0.66		0.28	0.13	0.13	-0.43	0.14	0.32	-0.09	0.14	0.03	0.2	0.61	0.11	-0.21	-0.24	-0.07	-0.13	0.41
Net Receivables	0.78	-0.51	0.83	0.12	0.28		0.76	0.8	-0.45	-0.4	-0.22	-0.54	0.7	0.54	0.76	-0.04	0.65	-0.73	-0.73	-0.76	-0.47	0.86
Good Will	0.82	-0.65	0.67	-0.2	0.13	0.76		0.82	-0.31	-0.42	-0.48	-0.57	0.4	0.7	0.68	0.18	0.37	-0.5	-0.59	-0.74	-0.26	0.66
Total Liab	0.98	-0.73	0.86	-0.11	0.13	0.8	0.82		-0.44	-0.5	-0.27	-0.78	0.42	0.91	0.85	0.09	0.37	-0.83	-0.64	-0.91	-0.27	0.66
Total Current Assets	-0.44	0.19	-0.71	-0.5	-0.43	-0.45	-0.31	-0.44		0.62	-0.05	0.82	-0.55	-0.55	-0.78	-0.51	-0.58	0.55	0.82	0.32	0.47	-0.78
Intangible Assets	-0.6	0.33	-0.63	-0.23	0.14	-0.4	-0.42	-0.5	0.62		0.39	0.78	-0.55	-0.67	-0.78	-0.22	-0.57	0.6	0.77	0.53	0.49	-0.65
Common Stock	-0.39	0.1	-0.19	0.0	0.32	-0.22	-0.48	-0.27	-0.05	0.39		0.17	-0.18	-0.24	-0.28	-0.03	-0.17	0.32	0.23	0.26	0.14	-0.23
Current Deferred Revenue	-0.79	0.51	-0.82	-0.14	-0.09	-0.54	-0.57	-0.78	0.82	0.78	0.17		-0.47	-0.91	-0.93	-0.34	-0.48	0.74	0.8	0.66	0.37	-0.72
Short Term Debt	0.46	-0.5	0.69	0.23	0.14	0.7	0.4	0.42	-0.55	-0.55	-0.18	-0.47		0.32	0.69	-0.25	0.99	-0.58	-0.88	-0.59	-0.94	0.74
Long Term Debt	0.92	-0.7	0.79	-0.1	0.03	0.54	0.7	0.91	-0.55	-0.67	-0.24	-0.91	0.32		0.87	0.25	0.31	-0.75	-0.65	-0.83	-0.25	0.56
Net Invested Capital	0.88	-0.58	0.96	0.24	0.2	0.76	0.68	0.85	-0.78	-0.78	-0.28	-0.93	0.69	0.87		0.23	0.67	-0.88	-0.92	-0.81	-0.56	0.86
Long Term Investments	0.12	0.29	0.24	0.57	0.61	-0.04	0.18	0.09	-0.51	-0.22	-0.03	-0.34	-0.25	0.25	0.23		-0.23	-0.09	-0.14	0.12	0.27	0.32
Short Long Term Debt	0.42	-0.48	0.65	0.21	0.11	0.65	0.37	0.37	-0.58	-0.57	-0.17	-0.48	0.99	0.31	0.67	-0.23		-0.52	-0.89	-0.54	-0.95	0.72
Capital Stock	-0.87	0.47	-0.91	-0.33	-0.21	-0.73	-0.5	-0.83	0.55	0.6	0.32	0.74	-0.58	-0.75	-0.88	-0.09	-0.52		0.71	0.81	0.45	-0.71
Net Working Capital	-0.68	0.55	-0.87	-0.29	-0.24	-0.73	-0.59	-0.64	0.82	0.77	0.23	0.8	-0.88	-0.65	-0.92	-0.14	-0.89	0.71		0.68	0.79	-0.89
Net Tangible Assets	-0.93	0.86	-0.85	0.14	-0.07	-0.76	-0.74	-0.91	0.32	0.53	0.26	0.66	-0.59	-0.83	-0.81	0.12	-0.54	0.81	0.68		0.52	-0.58
Deferred Long Term Liab	-0.33	0.54	-0.57	-0.19	-0.13	-0.47	-0.26	-0.27	0.47	0.49	0.14	0.37	-0.94	-0.25	-0.56	0.27	-0.95	0.45	0.79	0.52		-0.53
Property Plant Equipment	0.68	-0.31	0.86	0.43	0.41	0.86	0.66	0.66	-0.78	-0.65	-0.23	-0.72	0.74	0.56	0.86	0.32	0.72	-0.71	-0.89	-0.58	-0.53

Click cells to compare fundamentals

About Sphere Entertainment Financial Statements

Sphere Entertainment shareholders use historical fundamental indicators, such as Net Debt, to determine how well the company is positioned to perform in the future. Although Sphere Entertainment investors may analyze each financial statement separately, they are all interrelated. The changes in Sphere Entertainment's assets and liabilities, for example, are also reflected in the revenues and expenses on on Sphere Entertainment's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Net Debt	959 M	1 B
Net Debt To EBITDA	(275.18)	(261.42)

Pair Trading with Sphere Entertainment

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sphere Entertainment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sphere Entertainment will appreciate offsetting losses from the drop in the long position's value.

Moving against Sphere Stock

0.6	T	ATT Inc Aggressive Push	Pair Corr
0.51	ZD	Ziff Davis	Pair Corr
0.44	Z	Zillow Group Class	Pair Corr
0.44	ZG	Zillow Group	Pair Corr
0.43	CNK	Cinemark Holdings	Pair Corr

The ability to find closely correlated positions to Sphere Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sphere Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sphere Entertainment Co to buy it.

The correlation of Sphere Entertainment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sphere Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sphere Entertainment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Sphere Stock Analysis

When running Sphere Entertainment's price analysis, check to measure Sphere Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.

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Sphere Net Debt from 2010 to 2024

Latest Sphere Entertainment's Net Debt Growth Pattern

Sphere Net Debt Regression Statistics

Sphere Net Debt History

Other Fundumenentals of Sphere Entertainment

Sphere Entertainment Net Debt component correlations

About Sphere Entertainment Financial Statements

Pair Trading with Sphere Entertainment

Moving against Sphere Stock

Additional Tools for Sphere Stock Analysis

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