Warner Music Group (WMG)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,014,000 | 3,978,000 | 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 |
| Total assets | US$ in thousands | 9,155,000 | 8,830,000 | 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 |
| Debt-to-assets ratio | 0.44 | 0.45 | 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 |
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 shown some fluctuations over the past few years, hovering around the range of 0.44 to 0.50. The ratio indicates the proportion of the company's assets financed by debt, with values above 0.50 suggesting a higher reliance on debt to fund operations.
Although the ratio has not exceeded 0.50 in recent periods, it has remained relatively stable, indicating a consistent approach to debt management. A decreasing trend in the ratio over time could signify a decreasing reliance on debt financing or efficient use of assets to generate income.
A debt-to-assets ratio of around 0.44 to 0.50 implies that Warner Music Group is utilizing a moderate level of debt to support its asset base. Investors and creditors typically assess this ratio to evaluate the company's financial leverage and risk exposure. It is important for Warner Music Group to maintain a balance between debt and assets to ensure financial stability and profitability in the long term.
Peer comparison
Sep 30, 2024