Warner Bros Discovery Inc (WBD)

Debt-to-assets ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands 40,500,000 36,800,000 41,200,000 41,600,000 38,000,000 38,200,000 42,100,000 13,605,000 14,420,000 14,436,000 14,462,000 14,675,000 15,069,000 14,981,000 14,944,000 15,267,000 14,810,000 14,757,000 14,823,000 14,956,000
Total assets US$ in thousands 122,757,000 123,749,000 128,618,000 130,584,000 134,001,000 136,049,000 142,240,000 33,799,000 34,427,000 34,318,000 34,572,000 33,625,000 34,087,000 33,438,000 33,089,000 33,390,000 33,735,000 32,825,000 33,845,000 32,444,000
Debt-to-assets ratio 0.33 0.30 0.32 0.32 0.28 0.28 0.30 0.40 0.42 0.42 0.42 0.44 0.44 0.45 0.45 0.46 0.44 0.45 0.44 0.46

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $40,500,000K ÷ $122,757,000K
= 0.33

Warner Bros. Discovery Inc's debt-to-assets ratio has been relatively stable over the past eight quarters, ranging between 0.36 and 0.43. The ratio indicates that, on average, 36% to 43% of the company's total assets are funded by debt.

A ratio of 0.36 to 0.37 suggests that the company relies more on equity financing rather than debt to support its operations and investments, which can be viewed positively by investors and lenders as it reflects a lower level of financial risk.

However, the increase in the ratio to 0.43 in Q1 2022 might indicate a slight shift towards more reliance on debt financing, although it is important to consider the reasons behind this change.

Overall, the consistent range of debt-to-assets ratios signals a balanced capital structure for Warner Bros. Discovery Inc, providing stability and potential financial flexibility for the company.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Warner Bros Discovery Inc
WBD
0.33
Cable One Inc
CABO
0.00
Charter Communications Inc
CHTR
0.65
Comcast Corp
CMCSA
0.35

See also:

Warner Bros Discovery Inc Debt to Assets (Quarterly Data)