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
Company name
Symbol
Current ratio
Warner Music Group
WMG
0.68
Live Nation Entertainment Inc
LYV
0.96
Six Flags Entertainment Corporation
FUN
0.52
TKO Group Holdings Inc.
TKO
1.04