Sphere Retained Earnings vs Long Term Investments Analysis

SPHR Stock

37.34 0.65 1.71%

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 Retained Earnings and its Long Term Investments 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.

Retained Earnings vs Long Term Investments

Retained Earnings vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sphere Entertainment Retained Earnings account and Long Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Sphere Entertainment's Retained Earnings and Long Term Investments is 0.84. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Investments 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 Retained Earnings and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Sphere Entertainment Co are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Retained Earnings i.e., Sphere Entertainment's Retained Earnings and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Long Term Investments

Long Term Investments is an item on the asset side of Sphere Entertainment balance sheet that represents investments Sphere Entertainment intends to hold for over a year. Sphere Entertainment Co long term investments may include different instruments such as stocks, bonds, real estate and cash.

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 05/22/2024, 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

Click cells to compare fundamentals

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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When determining whether Sphere Entertainment is a strong investment it is important to analyze Sphere Entertainment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sphere Entertainment's future performance. For an informed investment choice regarding Sphere Stock, refer to the following important reports:

How To Invest In Sphere

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Is Sphere Stock a good investment?

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What is Sphere Entertainment's Net Worth?

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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.

Note that the Sphere Entertainment information on this page should be used as a complementary analysis to other Sphere Entertainment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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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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Is Sphere Entertainment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sphere Entertainment. If investors know Sphere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sphere Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

5.99

Revenue Per Share

25.14

Quarterly Revenue Growth

0.983

Return On Assets

(0.03)

Return On Equity

0.0893

The market value of Sphere Entertainment is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Sphere Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sphere Entertainment's market value can be influenced by many factors that don't directly affect Sphere Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Sphere Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Sphere Retained Earnings vs Long Term Investments Analysis

Retained Earnings vs Long Term Investments

Retained Earnings vs Long Term Investments Correlation Analysis

Correlation Coefficient

Retained Earnings

Long Term Investments

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!

Complementary 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