Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Warner Music Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $463 Mil. Warner Music Group's Total Assets for the quarter that ended in Dec. 2023 was $8,991 Mil.
Therefore, Warner Music Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.05.
The historical rank and industry rank for Warner Music Group's Equity-to-Asset or its related term are showing as below:
WMG'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.06 Med: 0.03 Max: 0.1
Current: 0.05
During the past 13 years, the highest Equity to Asset Ratio of Warner Music Group was 0.10. The lowest was -0.06. And the median was 0.03.
WMG's Equity-to-Asset is ranked worse than 88.77% of 1060
companies
in the Media - Diversified industry
Industry Median: 0.52
vs WMG: 0.05
Warner Music Group Equity-to-Asset Historical Data
The historical data trend for Warner Music Group'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.
For the Entertainment subindustry, Warner Music Group'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.
Warner Music Group Equity-to-Asset Distribution
For the Media - Diversified industry and Communication Services sector, Warner Music Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Warner Music Group's Equity-to-Asset falls into.
Warner Music Group 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.
Warner Music Group's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Warner Music Group (NAS:WMG) 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%.
Warner Music Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Warner Music Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Warner Music Group (Warner Music Group) Business Description
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.
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