Warner Music Group (WMG)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,984,000 | 4,004,000 | 3,964,000 | 3,988,000 | 3,986,000 | 3,946,000 | 3,732,000 | 3,785,000 | 3,829,000 | 3,846,000 | 3,346,000 | 3,367,000 | 3,354,000 | 3,387,000 | 3,104,000 | 3,000,000 | 2,983,000 | 2,988,000 | 2,974,000 | 3,006,000 |
| Total assets | US$ in thousands | 8,731,000 | 8,991,000 | 8,545,000 | 8,150,000 | 8,010,000 | 8,129,000 | 7,828,000 | 7,699,000 | 7,781,000 | 8,015,000 | 7,211,000 | 7,040,000 | 6,830,000 | 6,943,000 | 6,410,000 | 6,148,000 | 6,124,000 | 6,314,000 | 6,017,000 | 5,955,000 |
| Debt-to-assets ratio | 0.46 | 0.45 | 0.46 | 0.49 | 0.50 | 0.49 | 0.48 | 0.49 | 0.49 | 0.48 | 0.46 | 0.48 | 0.49 | 0.49 | 0.48 | 0.49 | 0.49 | 0.47 | 0.49 | 0.50 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,984,000K ÷ $8,731,000K
= 0.46
Warner Music Group's debt-to-assets ratio has shown some fluctuations over the past few quarters. The ratio ranged between 0.45 and 0.50, indicating that the company's level of debt in relation to its total assets has been relatively stable. However, there was a slight increase in the ratio from the first quarter of 2023 to the second quarter of 2023, reaching 0.50, which may suggest an increase in the company's debt relative to its assets during that period. Overall, the trend demonstrates that Warner Music Group has maintained a moderate level of debt compared to its asset base in recent quarters.
Peer comparison
Mar 31, 2024