UMGNF (Universal Music Group NV) Equity-to-Asset : 0.23 (As of Jun. 2024)

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What is Universal Music Group NV Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Universal Music Group NV's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $3,691 Mil. Universal Music Group NV's Total Assets for the quarter that ended in Jun. 2024 was $16,324 Mil. Therefore, Universal Music Group NV's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.23.

The historical rank and industry rank for Universal Music Group NV's Equity-to-Asset or its related term are showing as below:

UMGNF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.2 Max: 0.36
Current: 0.23

During the past 7 years, the highest Equity to Asset Ratio of Universal Music Group NV was 0.36. The lowest was 0.14. And the median was 0.20.

UMGNF's Equity-to-Asset is ranked worse than
78.95% of 1050 companies
in the Media - Diversified industry
Industry Median: 0.5 vs UMGNF: 0.23

Universal Music Group NV Equity-to-Asset Historical Data

The historical data trend for Universal Music Group NV's Equity-to-Asset 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.

* Premium members only.

Universal Music Group NV Equity-to-Asset Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.34

0.14

0.17

0.20

0.23

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial						0.17	0.20	0.21	0.23	0.23

Competitive Comparison of Universal Music Group NV's Equity-to-Asset

For the Entertainment subindustry, Universal Music Group NV's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Universal Music Group NV's Equity-to-Asset Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Universal Music Group NV's Equity-to-Asset falls into.

Universal Music Group NV Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Universal Music Group NV's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3230.098	/	14275.9
	=	0.23

Universal Music Group NV's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	3691.066	/	16324.004
	=	0.23

Universal Music Group NV (OTCPK:UMGNF) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Universal Music Group NV Equity-to-Asset Related Terms

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Universal Music Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (OTCPK:UMGNF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

UNVGY:USA UMG:Netherlands UMGa:UK 0VD:Germany UMG:Austria

Address

Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW

Website

https://www.universalmusic.com

Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal's remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal's recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal's publishing group has nearly 4.5 million owned or administered titles in its catalog.