Warner Music Group (WMG)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,643,000 | 2,483,000 | 2,450,000 | 2,616,000 | 2,402,000 | 2,317,000 | 2,212,000 | 2,340,000 | 2,139,000 | 1,901,000 | 1,912,000 | 2,021,000 | 1,896,000 | 1,734,000 | 1,756,000 | 1,828,000 | 1,678,000 | 1,582,000 | 1,583,000 | 1,656,000 |
| Total current liabilities | US$ in thousands | 3,897,000 | 3,573,000 | 3,533,000 | 3,745,000 | 3,539,000 | 3,290,000 | 3,187,000 | 3,341,000 | 3,368,000 | 3,123,000 | 3,131,000 | 3,357,000 | 3,150,000 | 2,902,000 | 2,784,000 | 2,890,000 | 2,720,000 | 2,525,000 | 2,732,000 | 2,799,000 |
| Current ratio | 0.68 | 0.69 | 0.69 | 0.70 | 0.68 | 0.70 | 0.69 | 0.70 | 0.64 | 0.61 | 0.61 | 0.60 | 0.60 | 0.60 | 0.63 | 0.63 | 0.62 | 0.63 | 0.58 | 0.59 |
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 exhibited fluctuations over the past several quarters. The current ratio provides insight into the company's ability to meet its short-term obligations with its current assets. As of September 30, 2024, the current ratio stands at 0.68, indicating that the company may have difficulty covering its short-term liabilities with its current assets.
While the current ratio has shown some improvements compared to previous quarters, it remains below the ideal threshold of 1.0, suggesting potential liquidity concerns. The company's current ratio has ranged between 0.58 and 0.70 over the past two years, with some variability in the ability to meet short-term obligations.
Overall, Warner Music Group should monitor its current ratio closely and consider strategies to improve liquidity and ensure the ability to meet short-term obligations in the future.
Peer comparison
Sep 30, 2024