Warner Bros.Discovery (Warner Bros.Discovery) Debt-to-Equity : 0.97 (As of Dec. 2023)

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What is Warner Bros.Discovery Debt-to-Equity?

Warner Bros.Discovery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,780 Mil. Warner Bros.Discovery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $41,889 Mil. Warner Bros.Discovery's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $45,226 Mil. Warner Bros.Discovery's debt to equity for the quarter that ended in Dec. 2023 was 0.97.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Warner Bros.Discovery's Debt-to-Equity or its related term are showing as below:

DISCK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.97 Med: 1.45 Max: 3.21
Current: 0.97

During the past 13 years, the highest Debt-to-Equity Ratio of Warner Bros.Discovery was 3.21. The lowest was 0.97. And the median was 1.45.

DISCK's Debt-to-Equity is ranked worse than
77.19% of 846 companies
in the Media - Diversified industry
Industry Median: 0.28 vs DISCK: 0.97

Warner Bros.Discovery Debt-to-Equity Historical Data

The historical data trend for Warner Bros.Discovery's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Warner Bros.Discovery Debt-to-Equity Chart

Warner Bros.Discovery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.56

1.47

1.27

1.04

0.97

Warner Bros.Discovery Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.04	1.05	1.04	1.00	0.97

Competitive Comparison of Warner Bros.Discovery's Debt-to-Equity

For the Entertainment subindustry, Warner Bros.Discovery's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Warner Bros.Discovery's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Bros.Discovery's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Warner Bros.Discovery's Debt-to-Equity falls into.

Warner Bros.Discovery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Warner Bros.Discovery's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1780	+	41889)	/	45226
	=	0.97

Warner Bros.Discovery's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1780	+	41889)	/	45226
	=	0.97

Warner Bros.Discovery (NAS:DISCK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Warner Bros.Discovery Debt-to-Equity Related Terms

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Warner Bros.Discovery (Warner Bros.Discovery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Bros.Discovery Inc (NAS:DISCK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WBD:USA 1WBD:Italy J5A:Germany DCVY34:Brazil WBDI:Austria

Address

230 Park Avenue South, New York, NY, USA, 10003

Website

https://www.wbd.com

Warner Bros. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The new company owns some of the biggest global networks including HBO, Discovery, CNN, and TLC and well-known franchises like Superman, Rick and Morty, and Game of Thrones. The firm's content production studios include Warner Bros., HBO, Discovery Studios, DC Films, and Cartoon Network Studios. The company operates two major streaming services, Max and Discovery+.