Warner Music Group (WMG)

Current ratio

Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020
Total current assets US$ in thousands 2,643,000 2,402,000 2,139,000 1,896,000 1,678,000
Total current liabilities US$ in thousands 3,897,000 3,539,000 3,368,000 3,150,000 2,720,000
Current ratio 0.68 0.68 0.64 0.60 0.62

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,643,000K ÷ $3,897,000K
= 0.68

Warner Music Group's current ratio has shown some fluctuation over the past five years, ranging from 0.60 to 0.68. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations using its current assets, such as cash and accounts receivable. Warner Music Group's current ratio has remained consistently below 1, suggesting potential liquidity challenges in the short term. It is important for the company to closely monitor its current assets and liabilities to ensure it can meet its upcoming financial obligations.


Peer comparison

Sep 30, 2024