Sphere Entertainment annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2024
2025
Sphere Entertainment Debt-to-Equity Ratio Growth & History (SPHR)
Sphere Entertainment's debt-to-equity ratio was 0.43 for fiscal 2025.
View full Sphere Entertainment company overviewSphere Entertainment annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.43 | −0.25 | −36.35% |
| 2024 · Dec 31 | 2024-12-31 | 0.68 | — | — |
| 2024 · Jun 30 | 2024-06-30 | 0.63 | 0.12 | +22.95% |
| 2023 | 2023-06-30 | 0.51 | −0.04 | −7.60% |
| 2022 | 2022-06-30 | 0.55 | −0.37 | −40.34% |
| 2021 | 2021-06-30 | 0.93 | 0.84 | +914.43% |
| 2020 | 2020-06-30 | 0.09 | 0.07 | +330.78% |
| 2019 | 2019-06-30 | 0.02 | — | — |
Sphere Entertainment quarterly debt-to-equity ratio
Q4.19
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.41 | −0.03 | −6.88% |
| Q1 2026 | 2026-03-31 | 0.42 | −0.27 | −38.83% |
| Q4 2025 | 2025-12-31 | 0.43 | −0.25 | −36.35% |
| Q3 2025 | 2025-09-30 | 0.46 | −0.18 | −28.26% |
| Q2 2025 | 2025-06-30 | 0.44 | −0.19 | −29.98% |
| Q1 2025 · Mar 31 | 2025-03-31 | 0.68 | 0.05 | +8.29% |
| Q4 2024 · Dec 31 | 2024-12-31 | 0.68 | 0.05 | +8.59% |
| Q1 2025 · Sep 30 | 2024-09-30 | 0.65 | 0.14 | +28.67% |
| Q4 2024 · Jun 30 | 2024-06-30 | 0.63 | 0.12 | +22.95% |
| Q3 2024 | 2024-03-31 | 0.63 | −0.49 | −43.88% |
| Q2 2024 | 2023-12-31 | 0.62 | −0.64 | −50.72% |
| Q1 2024 | 2023-09-30 | 0.50 | −0.67 | −57.23% |
| Q4 2023 | 2023-06-30 | 0.51 | −0.04 | −7.60% |
| Q3 2023 | 2023-03-31 | 1.12 | 0.10 | +9.67% |
| Q2 2023 | 2022-12-31 | 1.26 | 0.23 | +22.51% |
| Q1 2023 | 2022-09-30 | 1.18 | 0.16 | +15.21% |
| Q4 2022 | 2022-06-30 | 0.55 | −0.37 | −40.34% |
| Q3 2022 | 2022-03-31 | 1.02 | 0.68 | +200.35% |
| Q2 2022 | 2021-12-31 | 1.03 | 0.71 | +220.18% |
| Q1 2022 | 2021-09-30 | 1.02 | 0.93 | +1032.59% |
| Q4 2021 | 2021-06-30 | 0.93 | 0.84 | +914.43% |
| Q3 2021 | 2021-03-31 | 0.34 | 0.24 | +239.56% |
| Q2 2021 | 2020-12-31 | 0.32 | — | — |
| Q1 2021 | 2020-09-30 | 0.09 | — | — |
| Q4 2020 | 2020-06-30 | 0.09 | 0.07 | +330.78% |
| Q3 2020 | 2020-03-31 | 0.10 | — | — |
| Q4 2019 | 2019-06-30 | 0.02 | — | — |
Sphere Entertainment debt-to-equity ratio trends
Between the periods ended 2019-06-30 and 2025-12-31, Sphere Entertainment's debt-to-equity ratio increased from 0.02 to 0.43, a change of 0.41. The latest reported quarter, Q2 2026, shows 0.41.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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