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Warner Music Group Corp   (WMG)
Other Ticker:  
 
    Sector  Services    Industry Movies and Entertainment
   Industry Movies and Entertainment
   Sector  Services

Warner Music Group 's Leverage Ratio

WMG's quarterly Leverage Ratio and Total Liabilities, Equity growth


Despite a net increase in borrowings by 3.52%, Warner Music Group managed to enhance Leverage Ratio in the first quarter 2023 to 13.84, falling below the company's typical Leverage Ratio.

Within Movies and Entertainment industry in the first quarter 2023, 9 other companies have achieved lower Leverage Ratio than Warner Music Group in the I Quarter 2023. While Leverage Ratio total ranking has improved so far in the first quarter 2023 to 2436, from total ranking in the forth quarter 2023 at 4020 .

Explain Leverage Ratio?
Who are WMG Customers?
What are WMG´s Total Liabilities?


WMG Leverage Ratio (Dec 31 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
Y / Y Equity Change 118.44 % 155.95 % 73.84 % 53.76 % 63.95 %
Y / Y Total Liabilities Change 8.51 % 7.32 % 4.32 % 1.72 % -0.04 %
Leverage Ratio MRQ 13.84 19.16 26.32 29.17 27.87
WMG's Total Ranking # 2436 # 4020 # 4376 # 4528 # 4942
Seq. Equity Change 43.26 % 43.81 % 12.41 % -5.67 % 67.86 %
Seq. Total Liabilities Change 3.52 % 4.69 % 1.43 % -1.29 % 2.38 %



Leverage Ratio first quarter 2023 Company Ranking
Within: No.
Movies and Entertainment Industry # 10
Services Sector # 317
Overall Market # 2433


Leverage Ratio Statistics
High Average Low
209.91 33.59 4.61
(Dec 31 2020)   (Sep 30 2012)




Financial Statements
Warner Music Group 's Equity $ 616 Millions Visit WMG's Balance sheet
Warner Music Group 's Total Liabilities $ 8,528 Millions Visit WMG's Balance sheet
Source of WMG's Sales Visit WMG's Sales by Geography


Cumulative Warner Music Group 's Leverage Ratio

WMG's Leverage Ratio for the trailling 12 Months

WMG Leverage Ratio

(Dec 31 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
Y / Y Equity TTM Growth 118.44 % 155.95 % 73.84 % 53.76 % 63.95 %
Y / Y Total Liabilities TTM Growth 8.51 % 7.32 % 4.32 % 1.72 % -0.04 %
Leverage Ratio TTM 20.11 24.84 30.7 34.73 38.62
Total Ranking TTM # 28 # 3859 # 660 # 724 # 772
Seq. Equity TTM Growth 43.26 % 43.81 % 12.41 % -5.67 % 67.86 %
Seq. Total Liabilities TTM Growth 3.52 % 4.69 % 1.43 % -1.29 % 2.38 %


On the trailing twelve months basis Despite of the net new borrowings of 3.52% during the twelve months period ending in I Quarter 2023 Warner Music Group has managed to decrease Leverage Ratio in the I Quarter 2023 to 20.11, below Warner Music Group 's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Movies and Entertainment industry WMG recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 28, from total ranking in previous 12 month period at 3859.

Explain Leverage Ratio?
Who are WMG Customers?
What are WMG´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Movies and Entertainment Industry # 0
Services Sector # 0
Within the Market # 28


trailing twelve months Leverage Ratio Statistics
High Average Low
657.28 57.03 8.75
(Mar 31 2021)   (June 30. 2014)




Companies with similar Leverage Ratio in the quarter ending Dec 31 2023, within Movies and Entertainment Industry Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Equity
Live Nation Entertainment Inc   27.78 $ 16,312.638  Millions$ 587.157  Millions
Warner Music Group Corp   13.84 $ 8,528.000  Millions$ 616.000  Millions
Churchill Downs Inc  6.78 $ 6,061.900  Millions$ 893.600  Millions
Fubotv Inc   3.30 $ 937.064  Millions$ 283.825  Millions
Accel Entertainment Inc   3.00 $ 594.522  Millions$ 198.404  Millions

Date modified: 2024-02-08T15:44:35+00:00



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