Sphere Historical Balance Sheet

SPHR Stock

40.29 0.75 1.83%

Trend analysis of Sphere Entertainment Co balance sheet accounts such as Property Plant And Equipment Net of 2.2 B, Net Debt of 1 B, Retained Earnings of 12 M or Accounts Payable of 23.8 M provides information on Sphere Entertainment's total assets, liabilities, and equity, which is the actual value of Sphere Entertainment to its prevalent stockholders. By breaking down trends over time using Sphere Entertainment balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Sphere Entertainment latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sphere Entertainment is a good buy for the upcoming year.

Sphere Entertainment Inventory

11.3 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sphere Entertainment Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

About Sphere Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Sphere Entertainment at a specified time, usually calculated after every quarter, six months, or one year. Sphere Entertainment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sphere Entertainment and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sphere currently owns. An asset can also be divided into two categories, current and non-current.

Sphere Entertainment Balance Sheet Chart

At this time, Sphere Entertainment's Total Current Assets are relatively stable compared to the past year. As of 11/24/2024, Non Current Liabilities Total is likely to grow to about 1.2 B, while Total Current Liabilities is likely to drop slightly above 806.9 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Good Will Other Liab

Add Fundamental

Total Assets

Total assets refers to the total amount of Sphere Entertainment assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sphere Entertainment books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Sphere Entertainment balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sphere Entertainment Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most accounts from Sphere Entertainment's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Sphere Entertainment current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sphere Entertainment Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	882.2M	965.8M	387.9M	600.5M
Total Assets	5.5B	5.0B	4.8B	4.7B

Other Current Liab Total Assets

Sphere Entertainment balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Current Deferred Revenue	Inventory	Short Term Debt
Total Assets		0.51	0.66	-0.71	0.83	0.89	-0.03	0.1	-0.58	0.95	0.52	-0.62	0.78	0.82	0.96	0.66	0.2	0.98	-0.44	-0.6	-0.39	0.92	0.96	-0.79	0.7	0.46
Other Current Liab	0.51		0.24	-0.37	0.26	0.28	-0.2	-0.03	-0.23	0.48	0.41	-0.35	0.11	0.69	0.44	0.82	0.53	0.46	-0.2	-0.37	-0.61	0.3	0.59	-0.46	0.62	-0.09
Total Current Liabilities	0.66	0.24		-0.5	0.66	0.64	-0.13	-0.14	-0.47	0.7	0.4	-0.54	0.83	0.73	0.73	0.21	0.27	0.66	-0.49	-0.53	-0.39	0.64	0.49	-0.61	0.19	0.72
Total Stockholder Equity	-0.71	-0.37	-0.5		-0.34	-0.58	0.48	0.07	0.2	-0.59	-0.6	0.29	-0.51	-0.65	-0.63	-0.34	0.09	-0.73	0.19	0.33	0.1	-0.57	-0.72	0.51	-0.3	-0.5
Property Plant And Equipment Net	0.83	0.26	0.66	-0.34		0.95	0.45	0.42	-0.83	0.92	0.17	-0.84	0.84	0.64	0.92	0.48	0.08	0.81	-0.74	-0.65	-0.23	0.88	0.7	-0.8	0.58	0.59
Net Debt	0.89	0.28	0.64	-0.58	0.95		0.33	0.41	-0.8	0.93	0.26	-0.81	0.83	0.67	0.93	0.45	0.0	0.86	-0.71	-0.63	-0.19	0.89	0.76	-0.82	0.56	0.69
Retained Earnings	-0.03	-0.2	-0.13	0.48	0.45	0.33		0.66	-0.52	0.13	-0.59	-0.42	0.12	-0.2	0.11	-0.1	0.0	-0.11	-0.5	-0.23	0.0	0.13	-0.16	-0.14	0.05	0.23
Accounts Payable	0.1	-0.03	-0.14	0.07	0.42	0.41	0.66		-0.41	0.22	-0.58	-0.41	0.28	0.13	0.22	0.06	-0.38	0.13	-0.43	0.14	0.32	0.31	0.06	-0.09	0.1	0.14
Cash	-0.58	-0.23	-0.47	0.2	-0.83	-0.8	-0.52	-0.41		-0.79	-0.28	0.98	-0.49	-0.34	-0.66	-0.48	0.09	-0.57	0.96	0.63	0.03	-0.51	-0.43	0.88	-0.64	-0.49
Non Current Assets Total	0.95	0.48	0.7	-0.59	0.92	0.93	0.13	0.22	-0.79		0.49	-0.83	0.78	0.77	0.96	0.69	0.11	0.94	-0.68	-0.67	-0.29	0.88	0.87	-0.91	0.76	0.5
Non Currrent Assets Other	0.52	0.41	0.4	-0.6	0.17	0.26	-0.59	-0.58	-0.28	0.49		-0.31	0.1	0.33	0.39	0.57	0.06	0.54	-0.2	-0.45	-0.14	0.2	0.56	-0.63	0.61	0.05
Cash And Short Term Investments	-0.62	-0.35	-0.54	0.29	-0.84	-0.81	-0.42	-0.41	0.98	-0.83	-0.31		-0.54	-0.48	-0.72	-0.55	0.09	-0.62	0.97	0.66	0.05	-0.55	-0.49	0.91	-0.65	-0.5
Net Receivables	0.78	0.11	0.83	-0.51	0.84	0.83	0.12	0.28	-0.49	0.78	0.1	-0.54		0.76	0.86	0.2	0.06	0.8	-0.45	-0.4	-0.22	0.91	0.65	-0.54	0.23	0.7
Good Will	0.82	0.69	0.73	-0.65	0.64	0.67	-0.2	0.13	-0.34	0.77	0.33	-0.48	0.76		0.83	0.61	0.32	0.82	-0.31	-0.42	-0.48	0.8	0.8	-0.57	0.46	0.4
Common Stock Shares Outstanding	0.96	0.44	0.73	-0.63	0.92	0.93	0.11	0.22	-0.66	0.96	0.39	-0.72	0.86	0.83		0.59	0.12	0.93	-0.58	-0.69	-0.31	0.95	0.88	-0.82	0.62	0.59
Other Current Assets	0.66	0.82	0.21	-0.34	0.48	0.45	-0.1	0.06	-0.48	0.69	0.57	-0.55	0.2	0.61	0.59		0.2	0.66	-0.36	-0.43	-0.29	0.47	0.76	-0.68	0.94	-0.2
Other Stockholder Equity	0.2	0.53	0.27	0.09	0.08	0.0	0.0	-0.38	0.09	0.11	0.06	0.09	0.06	0.32	0.12	0.2		0.08	0.16	-0.28	-0.98	0.1	0.17	-0.02	0.06	0.04
Total Liab	0.98	0.46	0.66	-0.73	0.81	0.86	-0.11	0.13	-0.57	0.94	0.54	-0.62	0.8	0.82	0.93	0.66	0.08		-0.44	-0.5	-0.27	0.91	0.95	-0.78	0.7	0.42
Total Current Assets	-0.44	-0.2	-0.49	0.19	-0.74	-0.71	-0.5	-0.43	0.96	-0.68	-0.2	0.97	-0.45	-0.31	-0.58	-0.36	0.16	-0.44		0.62	-0.05	-0.39	-0.28	0.82	-0.48	-0.55
Intangible Assets	-0.6	-0.37	-0.53	0.33	-0.65	-0.63	-0.23	0.14	0.63	-0.67	-0.45	0.66	-0.4	-0.42	-0.69	-0.43	-0.28	-0.5	0.62		0.39	-0.48	-0.51	0.78	-0.49	-0.55
Common Stock	-0.39	-0.61	-0.39	0.1	-0.23	-0.19	0.0	0.32	0.03	-0.29	-0.14	0.05	-0.22	-0.48	-0.31	-0.29	-0.98	-0.27	-0.05	0.39		-0.28	-0.34	0.17	-0.16	-0.18
Short Long Term Debt Total	0.92	0.3	0.64	-0.57	0.88	0.89	0.13	0.31	-0.51	0.88	0.2	-0.55	0.91	0.8	0.95	0.47	0.1	0.91	-0.39	-0.48	-0.28		0.87	-0.62	0.51	0.52
Non Current Liabilities Total	0.96	0.59	0.49	-0.72	0.7	0.76	-0.16	0.06	-0.43	0.87	0.56	-0.49	0.65	0.8	0.88	0.76	0.17	0.95	-0.28	-0.51	-0.34	0.87		-0.7	0.76	0.25
Current Deferred Revenue	-0.79	-0.46	-0.61	0.51	-0.8	-0.82	-0.14	-0.09	0.88	-0.91	-0.63	0.91	-0.54	-0.57	-0.82	-0.68	-0.02	-0.78	0.82	0.78	0.17	-0.62	-0.7		-0.78	-0.47
Inventory	0.7	0.62	0.19	-0.3	0.58	0.56	0.05	0.1	-0.64	0.76	0.61	-0.65	0.23	0.46	0.62	0.94	0.06	0.7	-0.48	-0.49	-0.16	0.51	0.76	-0.78		-0.13
Short Term Debt	0.46	-0.09	0.72	-0.5	0.59	0.69	0.23	0.14	-0.49	0.5	0.05	-0.5	0.7	0.4	0.59	-0.2	0.04	0.42	-0.55	-0.55	-0.18	0.52	0.25	-0.47	-0.13

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Sphere Entertainment Account Relationship Matchups

Sphere Entertainment balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.7B	5.3B	5.5B	5.0B	4.8B	4.7B
Other Current Liab	244.6M	601.9M	882.2M	965.8M	387.9M	600.5M
Total Current Liabilities	510.0M	729.9M	961.1M	692.1M	1.4B	806.9M
Total Stockholder Equity	2.9B	2.2B	2.0B	2.6B	2.4B	2.0B
Property Plant And Equipment Net	1.9B	2.4B	2.2B	3.4B	3.3B	2.2B
Net Debt	(645.4M)	494.6M	339.2M	1.2B	959.0M	1.0B
Retained Earnings	142.3M	(96.3M)	(290.7M)	212.0M	11.4M	12.0M
Accounts Payable	17.3M	26.6M	2.0M	39.7M	18.9M	23.8M
Cash	906.6M	1.5B	747.3M	132.0M	573.2M	788.1M
Non Current Assets Total	2.3B	3.4B	4.3B	4.3B	3.9B	3.2B
Non Currrent Assets Other	(13.7M)	(77.8M)	1.3B	(5.2M)	124.5M	182.2M
Cash And Short Term Investments	1.2B	1.5B	747.3M	132.0M	573.2M	827.7M
Net Receivables	80.2M	196.6M	126.4M	138.7M	241.5M	137.7M
Common Stock Shares Outstanding	24.0M	34.1M	34.3M	34.9M	35.3M	31.7M
Liabilities And Stockholders Equity	3.7B	5.3B	5.5B	5.0B	4.8B	4.6B
Other Current Assets	22.6M	149.6M	345.0M	353.2M	37.0M	35.2M
Other Stockholder Equity	2.8B	2.3B	2.3B	2.4B	2.4B	2.1B
Total Liab	844.8M	3.0B	3.4B	2.4B	2.4B	1.9B
Total Current Assets	1.4B	1.9B	1.2B	623.9M	865.7M	1.0B
Accumulated Other Comprehensive Income	(51.9M)	(30.3M)	(48.4M)	(4.9M)	(6.6M)	(6.9M)
Intangible Assets	214.2M	262.1M	21.0M	17.9M	31.9M	30.3M
Common Stock	240K	340K	342K	347K	354K	336.3K
Short Long Term Debt Total	261.2M	2.0B	1.1B	1.3B	1.5B	888.9M
Non Current Liabilities Total	334.8M	2.2B	2.4B	1.7B	998.7M	1.2B
Current Deferred Revenue	189.3M	209.7M	4.3M	27.3M	80.4M	104.5M
Inventory	79.9M	101.4M	339.1M	327.1M	11.9M	11.3M
Short Term Debt	58.8M	127.4M	72.6M	92.6M	886.5M	930.9M
Long Term Debt	28.1M	655.1M	1.7B	1.1B	522.7M	741.1M
Net Invested Capital	2.9B	3.1B	3.7B	3.8B	3.8B	3.6B
Long Term Investments	52.6M	46.0M	43.8M	394.5M	30.7M	29.2M
Short Long Term Debt	5.4M	5.7M	73.8M	82.5M	849.4M	891.9M
Capital Stock	240K	241K	342K	347K	354K	336.3K
Non Current Liabilities Other	78.3M	73.8M	145.5M	88.8M	122.7M	104.3M
Net Working Capital	916.5M	759.3M	262.2M	(68.2M)	(508.0M)	(482.6M)

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 Historical Balance Sheet

Sphere Entertainment Inventory

11.3 Million

About Sphere Balance Sheet Analysis

Sphere Entertainment Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Good Will

Sphere Entertainment balance sheet Correlations

Sphere Entertainment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sphere Entertainment balance sheet Accounts

Pair Trading with Sphere Entertainment

Moving against Sphere Stock

Additional Tools for Sphere Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.98	Total Assets
Cash And Short Term Investments	+ 0.98	Cash
Total Current Assets	+ 0.97	Cash And Short Term Investments
Common Stock Shares Outstanding	+ 0.96	Total Assets
Non Current Liabilities Total	+ 0.96	Total Assets
Total Current Assets	+ 0.96	Cash

Common Stock	- 0.98	Other Stockholder Equity
Current Deferred Revenue	- 0.91	Non Current Assets Total
Cash And Short Term Investments	- 0.84	Property Plant And Equipment Net
Cash And Short Term Investments	- 0.83	Non Current Assets Total
Cash	- 0.83	Property Plant And Equipment Net
Current Deferred Revenue	- 0.82	Common Stock Shares Outstanding