Warner Bros Discovery Inc (WBD)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 45,226,000 | 44,774,000 | 45,452,000 | 46,496,000 | 47,095,000 | 48,517,000 | 51,383,000 | 11,969,000 | 11,599,000 | 11,611,000 | 11,538,000 | 10,815,000 | 10,464,000 | 10,087,000 | 9,867,000 | 9,470,000 | 9,891,000 | 9,518,000 | 9,621,000 | 8,708,000 |
| Debt-to-equity ratio | 0.90 | 0.82 | 0.91 | 0.89 | 0.81 | 0.79 | 0.82 | 1.14 | 1.24 | 1.24 | 1.25 | 1.36 | 1.44 | 1.49 | 1.51 | 1.61 | 1.50 | 1.55 | 1.54 | 1.72 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $40,500,000K ÷ $45,226,000K
= 0.90
Warner Bros. Discovery Inc's debt-to-equity ratio has shown some fluctuations over the past eight quarters. The ratio has ranged from 0.97 to 1.20 during this period.
In Q4 2023, the debt-to-equity ratio was 0.97, indicating that the company had more equity than debt on its balance sheet. This suggests a relatively lower financial risk as compared to higher debt-reliant companies. The ratio increased slightly in Q3 2023 to 1.00 but remained relatively stable.
However, in Q1 2022, the debt-to-equity ratio spiked to 1.20, which may indicate increased reliance on debt financing. This could make the company more vulnerable to economic downturns or changes in interest rates.
Overall, Warner Bros. Discovery Inc's debt-to-equity ratio has been above 1 for most of the quarters, which typically suggests that the company is more reliant on debt to finance its operations than equity. Investors and creditors may monitor this ratio closely to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023