Warner Music Group (WMG)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,014,000 | 3,964,000 | 3,732,000 | 3,346,000 | 3,104,000 |
| Total assets | US$ in thousands | 9,155,000 | 8,545,000 | 7,828,000 | 7,211,000 | 6,410,000 |
| Debt-to-assets ratio | 0.44 | 0.46 | 0.48 | 0.46 | 0.48 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,014,000K ÷ $9,155,000K
= 0.44
Warner Music Group's debt-to-assets ratio has exhibited a decreasing trend over the past five years, declining from 0.48 in both September 2020 and September 2022 to 0.44 in September 2024. This indicates that the company's level of debt relative to its total assets has been decreasing. A lower debt-to-assets ratio suggests that Warner Music Group is relying less on debt financing and has a stronger financial position in terms of its asset base. It also implies that the company has a higher percentage of assets financed by equity. Overall, the declining debt-to-assets ratio reflects a positive trend towards a more conservative capital structure for Warner Music Group.
Peer comparison
Sep 30, 2024