Sphere Net Tangible Assets vs Short Long Term Debt Analysis

SPHR Stock

37.75 1.25 3.42%

Sphere Entertainment financial indicator trend analysis is much more than just breaking down Sphere Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sphere Entertainment is a good investment. Please check the relationship between Sphere Entertainment Net Tangible Assets and its Short Long Term Debt accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

Net Tangible Assets vs Short Long Term Debt

Net Tangible Assets vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sphere Entertainment Net Tangible Assets account and Short Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Sphere Entertainment's Net Tangible Assets and Short Long Term Debt is -0.69. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Sphere Entertainment Co, assuming nothing else is changed. The correlation between historical values of Sphere Entertainment's Net Tangible Assets and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Sphere Entertainment Co are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Tangible Assets i.e., Sphere Entertainment's Net Tangible Assets and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.69

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

Most indicators from Sphere Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

At this time, Sphere Entertainment's Tax Provision is relatively stable compared to the past year. As of 06/04/2024, Discontinued Operations is likely to grow to about 399.4 M, while Sales General And Administrative To Revenue is likely to drop 0.38.

	2021	2022	2023	2024 (projected)
Interest Expense	48.5M	116.0M	133.5M	140.1M
Depreciation And Amortization	124.6M	103.4M	118.9M	122.8M

Interest Expense Depreciation And Amortization

Sphere Entertainment fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Common Stock Shares Outstanding		0.98	0.93	0.84	0.9	-0.55	0.95	-0.83	0.93	0.35	0.21	-0.7	0.98	0.26	-0.73	0.91	0.97	0.94	0.88	-0.68	0.82	0.94	-0.56	0.91	-0.85	-0.83
Total Assets	0.98		0.94	0.88	0.95	-0.61	0.9	-0.83	0.92	0.26	0.01	-0.65	0.97	0.37	-0.66	0.9	0.95	0.98	0.88	-0.66	0.87	0.98	-0.44	0.94	-0.86	-0.9
Short Long Term Debt Total	0.93	0.94		0.69	0.83	-0.53	0.86	-0.64	0.87	0.25	0.15	-0.48	0.88	0.15	-0.5	0.99	0.95	0.95	0.72	-0.45	0.81	0.94	-0.27	0.97	-0.68	-0.84
Other Current Liab	0.84	0.88	0.69		0.96	-0.64	0.72	-0.9	0.75	0.02	-0.24	-0.65	0.89	0.73	-0.67	0.6	0.82	0.88	0.87	-0.76	0.7	0.89	-0.52	0.68	-0.88	-0.73
Total Current Liabilities	0.9	0.95	0.83	0.96		-0.72	0.76	-0.85	0.83	0.05	-0.21	-0.59	0.92	0.62	-0.61	0.76	0.9	0.96	0.86	-0.69	0.78	0.97	-0.39	0.81	-0.85	-0.82
Total Stockholder Equity	-0.55	-0.61	-0.53	-0.64	-0.72		-0.29	0.54	-0.55	0.17	0.28	0.27	-0.5	-0.5	0.37	-0.52	-0.63	-0.66	-0.59	0.41	-0.27	-0.67	0.05	-0.41	0.5	0.39
Property Plant And Equipment Net	0.95	0.9	0.86	0.72	0.76	-0.29		-0.81	0.92	0.58	0.37	-0.79	0.95	0.07	-0.79	0.84	0.86	0.82	0.86	-0.71	0.86	0.82	-0.69	0.89	-0.85	-0.84
Current Deferred Revenue	-0.83	-0.83	-0.64	-0.9	-0.85	0.54	-0.81		-0.88	-0.41	0.01	0.91	-0.89	-0.46	0.92	-0.58	-0.75	-0.77	-0.98	0.91	-0.72	-0.78	0.75	-0.67	0.99	0.77
Net Debt	0.93	0.92	0.87	0.75	0.83	-0.55	0.92	-0.88		0.56	0.2	-0.83	0.92	0.13	-0.84	0.85	0.87	0.86	0.95	-0.76	0.83	0.86	-0.6	0.88	-0.92	-0.89
Retained Earnings	0.35	0.26	0.25	0.02	0.05	0.17	0.58	-0.41	0.56		0.63	-0.73	0.36	-0.58	-0.68	0.31	0.19	0.1	0.48	-0.5	0.43	0.09	-0.64	0.37	-0.48	-0.43
Accounts Payable	0.21	0.01	0.15	-0.24	-0.21	0.28	0.37	0.01	0.2	0.63		-0.27	0.14	-0.73	-0.32	0.27	0.17	-0.07	0.05	-0.09	-0.06	-0.09	-0.49	0.1	-0.02	0.09
Cash	-0.7	-0.65	-0.48	-0.65	-0.59	0.27	-0.79	0.91	-0.83	-0.73	-0.27		-0.76	-0.1	0.98	-0.45	-0.56	-0.52	-0.91	0.9	-0.65	-0.54	0.89	-0.55	0.92	0.67
Non Current Assets Total	0.98	0.97	0.88	0.89	0.92	-0.5	0.95	-0.89	0.92	0.36	0.14	-0.76		0.35	-0.78	0.83	0.93	0.93	0.92	-0.77	0.85	0.93	-0.64	0.88	-0.91	-0.85
Non Currrent Assets Other	0.26	0.37	0.15	0.73	0.62	-0.5	0.07	-0.46	0.13	-0.58	-0.73	-0.1	0.35		-0.12	0.02	0.3	0.45	0.35	-0.36	0.23	0.48	-0.05	0.13	-0.39	-0.25
Cash And Short Term Investments	-0.73	-0.66	-0.5	-0.67	-0.61	0.37	-0.79	0.92	-0.84	-0.68	-0.32	0.98	-0.78	-0.12		-0.49	-0.62	-0.56	-0.91	0.91	-0.57	-0.57	0.9	-0.53	0.92	0.62
Net Receivables	0.91	0.9	0.99	0.6	0.76	-0.52	0.84	-0.58	0.85	0.31	0.27	-0.45	0.83	0.02	-0.49		0.93	0.9	0.68	-0.39	0.75	0.88	-0.27	0.94	-0.62	-0.77
Good Will	0.97	0.95	0.95	0.82	0.9	-0.63	0.86	-0.75	0.87	0.19	0.17	-0.56	0.93	0.3	-0.62	0.93		0.96	0.8	-0.57	0.72	0.96	-0.43	0.88	-0.76	-0.75
Non Current Liabilities Total	0.94	0.98	0.95	0.88	0.96	-0.66	0.82	-0.77	0.86	0.1	-0.07	-0.52	0.93	0.45	-0.56	0.9	0.96		0.81	-0.58	0.81	1.0	-0.32	0.91	-0.78	-0.85
Inventory	0.88	0.88	0.72	0.87	0.86	-0.59	0.86	-0.98	0.95	0.48	0.05	-0.91	0.92	0.35	-0.91	0.68	0.8	0.81		-0.89	0.78	0.82	-0.71	0.75	-0.99	-0.83
Other Current Assets	-0.68	-0.66	-0.45	-0.76	-0.69	0.41	-0.71	0.91	-0.76	-0.5	-0.09	0.9	-0.77	-0.36	0.91	-0.39	-0.57	-0.58	-0.89		-0.62	-0.6	0.82	-0.5	0.92	0.66
Other Stockholder Equity	0.82	0.87	0.81	0.7	0.78	-0.27	0.86	-0.72	0.83	0.43	-0.06	-0.65	0.85	0.23	-0.57	0.75	0.72	0.81	0.78	-0.62		0.81	-0.38	0.93	-0.79	-0.98
Total Liab	0.94	0.98	0.94	0.89	0.97	-0.67	0.82	-0.78	0.86	0.09	-0.09	-0.54	0.93	0.48	-0.57	0.88	0.96	1.0	0.82	-0.6	0.81		-0.33	0.9	-0.8	-0.85
Total Current Assets	-0.56	-0.44	-0.27	-0.52	-0.39	0.05	-0.69	0.75	-0.6	-0.64	-0.49	0.89	-0.64	-0.05	0.9	-0.27	-0.43	-0.32	-0.71	0.82	-0.38	-0.33		-0.3	0.74	0.36
Short Term Debt	0.91	0.94	0.97	0.68	0.81	-0.41	0.89	-0.67	0.88	0.37	0.1	-0.55	0.88	0.13	-0.53	0.94	0.88	0.91	0.75	-0.5	0.93	0.9	-0.3		-0.73	-0.94
Intangible Assets	-0.85	-0.86	-0.68	-0.88	-0.85	0.5	-0.85	0.99	-0.92	-0.48	-0.02	0.92	-0.91	-0.39	0.92	-0.62	-0.76	-0.78	-0.99	0.92	-0.79	-0.8	0.74	-0.73		0.83
Common Stock	-0.83	-0.9	-0.84	-0.73	-0.82	0.39	-0.84	0.77	-0.89	-0.43	0.09	0.67	-0.85	-0.25	0.62	-0.77	-0.75	-0.85	-0.83	0.66	-0.98	-0.85	0.36	-0.94	0.83

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Sphere Entertainment Account Relationship Matchups

Sphere Entertainment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	24.0M	34.1M	34.3M	34.9M	40.2M	31.3M
Total Assets	3.7B	5.3B	5.5B	5.0B	5.7B	4.8B
Short Long Term Debt Total	261.2M	2.0B	1.1B	1.3B	1.5B	887.5M
Other Current Liab	244.6M	366.2M	882.2M	532.5M	612.4M	461.5M
Total Current Liabilities	510.0M	729.9M	961.1M	692.1M	796.0M	706.0M
Total Stockholder Equity	2.9B	2.2B	2.0B	2.6B	2.3B	1.9B
Property Plant And Equipment Net	1.9B	2.4B	2.2B	3.4B	3.9B	2.3B
Current Deferred Revenue	189.3M	209.7M	4.3M	27.3M	24.6M	23.4M
Net Debt	(645.4M)	494.6M	339.2M	1.2B	1.4B	1.4B
Retained Earnings	142.3M	(96.3M)	(290.7M)	212.0M	243.8M	256.0M
Accounts Payable	17.3M	26.6M	2.0M	39.7M	45.6M	25.3M
Cash	906.6M	1.5B	747.3M	132.0M	118.8M	112.8M
Non Current Assets Total	2.3B	3.4B	4.3B	4.3B	5.0B	3.4B
Non Currrent Assets Other	(13.7M)	(77.8M)	1.3B	(5.2M)	(5.9M)	(5.6M)
Cash And Short Term Investments	1.2B	1.5B	747.3M	132.0M	118.8M	112.8M
Net Receivables	80.2M	216.5M	126.4M	160.5M	184.6M	137.3M
Liabilities And Stockholders Equity	3.7B	5.3B	5.5B	5.0B	5.7B	4.8B
Non Current Liabilities Total	334.8M	2.2B	2.4B	1.7B	2.0B	1.3B
Inventory	79.9M	101.4M	339.1M	327.1M	376.2M	395.0M
Other Current Assets	22.6M	37.8M	5.9M	4.3M	3.9M	3.7M
Other Stockholder Equity	2.8B	2.3B	2.3B	2.4B	2.7B	1.8B
Total Liab	844.8M	3.0B	3.4B	2.4B	2.7B	2.0B
Total Current Assets	1.4B	1.9B	1.2B	623.9M	561.5M	1.0B
Accumulated Other Comprehensive Income	(51.9M)	(30.3M)	(48.4M)	(4.9M)	(5.7M)	(6.0M)
Short Term Debt	58.8M	127.4M	72.6M	92.6M	106.5M	66.3M
Intangible Assets	214.2M	262.1M	21.0M	17.9M	16.1M	15.3M
Common Stock	240K	340K	342K	347K	312.3K	296.7K
Long Term Debt	28.1M	655.1M	1.7B	1.1B	1.3B	774.3M
Net Invested Capital	2.9B	3.1B	3.7B	3.8B	4.4B	3.5B
Long Term Investments	52.6M	46.0M	43.8M	394.5M	453.7M	476.4M
Short Long Term Debt	5.4M	5.7M	73.8M	82.5M	94.9M	99.6M
Capital Stock	240K	241K	342K	347K	312.3K	296.7K
Non Current Liabilities Other	78.3M	73.8M	145.5M	88.8M	102.1M	98.1M
Net Working Capital	916.5M	759.3M	262.2M	(68.2M)	(61.4M)	(58.3M)

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Sphere Net Tangible Assets vs Short Long Term Debt Analysis

Net Tangible Assets vs Short Long Term Debt

Net Tangible Assets vs Short Long Term Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Short Long Term Debt

Sphere Entertainment fundamental ratios Correlations

Sphere Entertainment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sphere Entertainment fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Sphere Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Net Receivables	+ 0.99	Short Long Term Debt Total
Intangible Assets	+ 0.99	Current Deferred Revenue
Total Assets	+ 0.98	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.98	Common Stock Shares Outstanding
Non Current Liabilities Total	+ 0.98	Total Assets

Intangible Assets	- 0.99	Inventory
Common Stock	- 0.98	Other Stockholder Equity
Inventory	- 0.98	Current Deferred Revenue
Common Stock	- 0.94	Short Term Debt
Intangible Assets	- 0.92	Net Debt
Inventory	- 0.91	Cash And Short Term Investments