SONG (Music Licensing) Total Liabilities: $17.8 Mil (As of Jun. 2024)


What is Music Licensing Total Liabilities?

Music Licensing SONG Total Liabilities is $17.8 Mil as of Jun. 2024.

Music Licensing's Total Liabilities for the quarter that ended in Jun. 2024 was $17.8 Mil.

Music Licensing's quarterly Total Liabilities increased from Dec. 2023 ($12.72 Mil) to Mar. 2024 ($15.33 Mil) and increased from Mar. 2024 ($15.33 Mil) to Jun. 2024 ($17.82 Mil).

Music Licensing's annual Total Liabilities declined from Dec. 2021 ($0.21 Mil) to Dec. 2022 ($0.10 Mil) but then increased from Dec. 2022 ($0.10 Mil) to Dec. 2023 ($12.72 Mil).

Music Licensing Total Liabilities Historical Data

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The historical data trend for Music Licensing's Total Liabilities 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.

Music Licensing Total Liabilities Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
Total Liabilities
0.21 0.10 12.72

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Total Liabilities Get a 7-Day Free Trial 0.06 12.14 12.72 15.33 17.82

Music Licensing Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Music Licensing's Total Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=0.41+(12.309+0
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=12.7

Total Liabilities=Total Assets (A: Dec. 2023 )-Total Equity (A: Dec. 2023 )
=62.299-49.58
=12.7

Music Licensing's Total Liabilities for the quarter that ended in Jun. 2024 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=0.504+(17.315+-3.5527136788005E-15
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=17.8

Total Liabilities=Total Assets (Q: Jun. 2024 )-Total Equity (Q: Jun. 2024 )
=19.053-1.233
=17.8

* 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.

Frequently Asked Questions Learn more about Total Liabilities →
What does a Total Liabilities of $17.8 Mil mean?
Music Licensing (SONG) has a Total Liabilities of $17.8 Mil as of Jun. 2024. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Music Licensing and its competitors.
Is Music Licensing's Total Liabilities too high?
Music Licensing's current Total Liabilities is $17.8 Mil.
How does Music Licensing's Total Liabilities compare to NFLX and DIS?
Music Licensing's Total Liabilities of $17.8 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Liabilities for a Media - Diversified company?
A good Total Liabilities depends on the Media - Diversified industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Music Licensing and its competitors. Music Licensing's current Total Liabilities is $17.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Licensing stock overvalued right now?
Music Licensing (SONG) has a current Total Liabilities of $17.8 Mil. The current Total Liabilities is $17.8 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For Music Licensing (SONG), the current Total Liabilities is $17.8 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Music Licensing Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.