Warner Music Group (STU:WA4) Interest Expense : €-143 Mil (TTM As of Mar. 2024)

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What is Warner Music Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Warner Music Group's interest expense for the three months ended in Mar. 2024 was € -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-143 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Warner Music Group's Operating Income for the three months ended in Mar. 2024 was € 184 Mil. Warner Music Group's Interest Expense for the three months ended in Mar. 2024 was € -39 Mil. Warner Music Group's Interest Coverage for the quarter that ended in Mar. 2024 was 4.76. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Warner Music Group Interest Expense Historical Data

The historical data trend for Warner Music Group's Interest Expense 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 Interest Expense Chart

Warner Music Group Annual Data

Trend

Sep14

Sep15

Sep16

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Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-128.94

-107.82

-103.70

-126.25

-132.12

Warner Music Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-32.69	-35.07	-33.73	-35.76	-38.64

Warner Music Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-143 Mil.

Warner Music Group (STU:WA4) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Warner Music Group's Interest Expense for the three months ended in Mar. 2024 was €-39 Mil. Its Operating Income for the three months ended in Mar. 2024 was €184 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €3,885 Mil.

Warner Music Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	184	/	-38.64
	=	4.76

The higher the ratio, the stronger the company's financial strength is.

Warner Music Group (STU:WA4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Music Group Corp (STU:WA4) » Definitions » Interest Expense

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.

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