Warner Music Group (WBO:WMG) Debt-to-Equity : 9.28 (As of Dec. 2023)

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What is Warner Music Group Debt-to-Equity?

Warner Music Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €39 Mil. Warner Music Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3,900 Mil. Warner Music Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €425 Mil. Warner Music Group's debt to equity for the quarter that ended in Dec. 2023 was 9.28.

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 Music Group's Debt-to-Equity or its related term are showing as below:

WBO:WMG' s Debt-to-Equity Range Over the Past 10 Years
Min: -88.05 Med: 13.26 Max: 232.88
Current: 9.28

During the past 13 years, the highest Debt-to-Equity Ratio of Warner Music Group was 232.88. The lowest was -88.05. And the median was 13.26.

WBO:WMG's Debt-to-Equity is ranked worse than
97.99% of 846 companies
in the Media - Diversified industry
Industry Median: 0.28 vs WBO:WMG: 9.28

Warner Music Group Debt-to-Equity Historical Data

The historical data trend for Warner Music Group'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 Music Group Debt-to-Equity Chart

Warner Music Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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-10.29

-54.64

118.58

26.40

13.88

Warner Music Group 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															15.63	16.96	15.28	13.88	9.28

Competitive Comparison of Warner Music Group's Debt-to-Equity

For the Entertainment subindustry, Warner Music Group'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 Music Group's Debt-to-Equity Distribution in the Media - Diversified Industry

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

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

Warner Music Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Warner Music Group's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(38.417	+	3953.203)	/	287.659
	=	13.88

Warner Music Group'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
	=	(39.431	+	3900.001)	/	424.571
	=	9.28

Warner Music Group (WBO:WMG) 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 Music Group Debt-to-Equity Related Terms

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Warner Music Group (WBO:WMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Music Group Corp (WBO:WMG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WMG:USA WA4:Germany W1MG34:Brazil

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.wmg.com

Warner Music Group is the third largest of the three major global record labels, with Vivendi's Universal Music in first and Sony Music in second. Warner's larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over 1 million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.