Sphere Good Will vs Net Debt Analysis

SPHR Stock

42.75 2.76 6.90%

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 Good Will and its Net 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 closely tied with the direction of predictive economic indicators such as signals in rate.

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

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

The correlation between Sphere Entertainment's Good Will and Net Debt is 0.67. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net 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 Good Will and Net 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 Good Will of Sphere Entertainment Co are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Good Will i.e., Sphere Entertainment's Good Will and Net Debt go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Net Debt

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.

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 closely tied with the direction of predictive economic indicators such as signals in rate.

At this time, Sphere Entertainment's Discontinued Operations is relatively stable compared to the past year. As of 09/20/2024, Sales General And Administrative To Revenue is likely to grow to 0.72, though Tax Provision is likely to grow to (128.8 M).

	2021	2022	2023	2024 (projected)
Total Revenue	610.1M	573.8M	1.0B	725.2M
Depreciation And Amortization	151.3M	130.2M	276.9M	147.6M

Total Revenue Depreciation And Amortization

Sphere Entertainment fundamental ratios 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		0.2	0.71	-0.7	0.85	0.9	-0.02	0.1	-0.6	0.96	0.5	-0.64	0.84	0.83	0.97	-0.62	0.2	0.98	-0.47	-0.62	-0.39	0.94	0.97	-0.8	0.66	0.52
Other Current Liab	0.2		0.27	-0.34	-0.14	-0.09	-0.57	-0.52	0.07	0.15	0.59	-0.04	-0.14	0.47	0.11	0.38	0.58	0.18	0.05	-0.23	-0.6	-0.06	0.27	-0.25	0.31	-0.13
Total Current Liabilities	0.71	0.27		-0.5	0.66	0.63	-0.13	-0.14	-0.47	0.73	0.4	-0.54	0.77	0.73	0.73	-0.21	0.27	0.71	-0.49	-0.53	-0.39	0.64	0.57	-0.61	0.19	0.72
Total Stockholder Equity	-0.7	-0.34	-0.5		-0.34	-0.58	0.48	0.07	0.2	-0.58	-0.6	0.29	-0.5	-0.65	-0.63	0.33	0.09	-0.72	0.19	0.33	0.1	-0.57	-0.72	0.51	-0.3	-0.5
Property Plant And Equipment Net	0.85	-0.14	0.66	-0.34		0.95	0.45	0.42	-0.83	0.93	0.17	-0.84	0.87	0.64	0.92	-0.73	0.08	0.83	-0.74	-0.65	-0.23	0.88	0.74	-0.8	0.58	0.6
Net Debt	0.9	-0.09	0.63	-0.58	0.95		0.33	0.41	-0.8	0.94	0.26	-0.81	0.85	0.67	0.93	-0.75	0.0	0.87	-0.71	-0.63	-0.19	0.89	0.8	-0.82	0.56	0.69
Retained Earnings	-0.02	-0.57	-0.13	0.48	0.45	0.33		0.66	-0.52	0.14	-0.59	-0.42	0.16	-0.2	0.11	-0.35	0.0	-0.09	-0.5	-0.23	0.0	0.13	-0.14	-0.14	0.05	0.23
Accounts Payable	0.1	-0.52	-0.14	0.07	0.42	0.41	0.66		-0.41	0.21	-0.58	-0.41	0.35	0.13	0.22	-0.32	-0.38	0.12	-0.43	0.14	0.32	0.31	0.06	-0.09	0.1	0.14
Cash	-0.6	0.07	-0.47	0.2	-0.83	-0.8	-0.52	-0.41		-0.79	-0.28	0.98	-0.5	-0.34	-0.66	0.74	0.09	-0.59	0.96	0.63	0.03	-0.51	-0.46	0.88	-0.64	-0.49
Non Current Assets Total	0.96	0.15	0.73	-0.58	0.93	0.94	0.14	0.21	-0.79		0.47	-0.83	0.83	0.78	0.97	-0.7	0.11	0.95	-0.7	-0.68	-0.29	0.88	0.89	-0.91	0.72	0.54
Non Currrent Assets Other	0.5	0.59	0.4	-0.6	0.17	0.26	-0.59	-0.58	-0.28	0.47		-0.31	0.07	0.33	0.39	-0.35	0.06	0.53	-0.2	-0.45	-0.14	0.2	0.55	-0.63	0.61	0.06
Cash And Short Term Investments	-0.64	-0.04	-0.54	0.29	-0.84	-0.81	-0.42	-0.41	0.98	-0.83	-0.31		-0.55	-0.48	-0.72	0.69	0.09	-0.63	0.97	0.66	0.05	-0.55	-0.53	0.91	-0.65	-0.5
Net Receivables	0.84	-0.14	0.77	-0.5	0.87	0.85	0.16	0.35	-0.5	0.83	0.07	-0.55		0.78	0.89	-0.48	0.06	0.84	-0.45	-0.4	-0.22	0.94	0.74	-0.55	0.29	0.66
Good Will	0.83	0.47	0.73	-0.65	0.64	0.67	-0.2	0.13	-0.34	0.78	0.33	-0.48	0.78		0.83	-0.17	0.32	0.82	-0.32	-0.42	-0.48	0.8	0.83	-0.57	0.46	0.4
Common Stock Shares Outstanding	0.97	0.11	0.73	-0.63	0.92	0.93	0.11	0.22	-0.66	0.97	0.39	-0.72	0.89	0.83		-0.65	0.12	0.95	-0.58	-0.69	-0.31	0.95	0.92	-0.82	0.62	0.59
Other Current Assets	-0.62	0.38	-0.21	0.33	-0.73	-0.75	-0.35	-0.32	0.74	-0.7	-0.35	0.69	-0.48	-0.17	-0.65		0.39	-0.64	0.62	0.52	-0.25	-0.6	-0.59	0.73	-0.66	-0.32
Other Stockholder Equity	0.2	0.58	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	0.39		0.08	0.16	-0.28	-0.98	0.1	0.17	-0.02	0.06	0.04
Total Liab	0.98	0.18	0.71	-0.72	0.83	0.87	-0.09	0.12	-0.59	0.95	0.53	-0.63	0.84	0.82	0.95	-0.64	0.08		-0.46	-0.51	-0.27	0.92	0.96	-0.78	0.67	0.46
Total Current Assets	-0.47	0.05	-0.49	0.19	-0.74	-0.71	-0.5	-0.43	0.96	-0.7	-0.2	0.97	-0.45	-0.32	-0.58	0.62	0.16	-0.46		0.62	-0.05	-0.39	-0.32	0.82	-0.48	-0.55
Intangible Assets	-0.62	-0.23	-0.53	0.33	-0.65	-0.63	-0.23	0.14	0.63	-0.68	-0.45	0.66	-0.4	-0.42	-0.69	0.52	-0.28	-0.51	0.62		0.39	-0.48	-0.54	0.78	-0.49	-0.55
Common Stock	-0.39	-0.6	-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	-0.25	-0.98	-0.27	-0.05	0.39		-0.28	-0.35	0.17	-0.16	-0.19
Short Long Term Debt Total	0.94	-0.06	0.64	-0.57	0.88	0.89	0.13	0.31	-0.51	0.88	0.2	-0.55	0.94	0.8	0.95	-0.6	0.1	0.92	-0.39	-0.48	-0.28		0.9	-0.62	0.51	0.52
Non Current Liabilities Total	0.97	0.27	0.57	-0.72	0.74	0.8	-0.14	0.06	-0.46	0.89	0.55	-0.53	0.74	0.83	0.92	-0.59	0.17	0.96	-0.32	-0.54	-0.35	0.9		-0.73	0.73	0.32
Current Deferred Revenue	-0.8	-0.25	-0.61	0.51	-0.8	-0.82	-0.14	-0.09	0.88	-0.91	-0.63	0.91	-0.55	-0.57	-0.82	0.73	-0.02	-0.78	0.82	0.78	0.17	-0.62	-0.73		-0.78	-0.47
Inventory	0.66	0.31	0.19	-0.3	0.58	0.56	0.05	0.1	-0.64	0.72	0.61	-0.65	0.29	0.46	0.62	-0.66	0.06	0.67	-0.48	-0.49	-0.16	0.51	0.73	-0.78		-0.12
Short Term Debt	0.52	-0.13	0.72	-0.5	0.6	0.69	0.23	0.14	-0.49	0.54	0.06	-0.5	0.66	0.4	0.59	-0.32	0.04	0.46	-0.55	-0.55	-0.19	0.52	0.32	-0.47	-0.12

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Sphere Entertainment Account Relationship Matchups

Sphere Entertainment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.7B	5.3B	5.5B	5.0B	5.1B	4.7B
Other Current Liab	244.6M	366.2M	882.2M	532.5M	406.4M	521.0M
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	945.5M	992.8M
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	4.2B	3.3B
Non Currrent Assets Other	(13.7M)	(77.8M)	1.3B	(5.2M)	126.6M	182.5M
Cash And Short Term Investments	1.2B	1.5B	747.3M	132.0M	573.2M	827.7M
Net Receivables	80.2M	216.5M	126.4M	160.5M	241.5M	142.8M
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	5.1B	4.7B
Other Current Assets	22.6M	37.8M	5.9M	4.3M	37.0M	32.6M
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	2.6B	1.9B
Total Current Assets	1.4B	1.9B	1.2B	623.9M	863.6M	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	1.3B	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	868.0M	911.4M
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

0.69	DLPN	Dolphin Entertainment	Pair Corr
0.62	TV	Grupo Televisa SAB Buyout Trend	Pair Corr
0.58	DIS	Walt Disney Sell-off Trend	Pair Corr
0.51	FLNT	Fluent Inc	Pair Corr
0.48	IQ	iQIYI Inc	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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