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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 Total Debt to Equity

WMG's quarterly Total Debt to Equity and Total Debt, Equity growth


Due to debt repayement of -0.15% Warner Music Group improved Total Debt to Equity in third quarter 2024 to 6.26, below the company's average Total Debt to Equity.

Within Movies and Entertainment industry in the third quarter 2024, 11 other companies have achieved lower Total Debt to Equity than Warner Music Group in the III Quarter 2024. While Total Debt to Equity total ranking has improved so far in the third quarter 2024 to 2193, from total ranking in the second quarter 2024 at 2422 .

Explain Debt to Equity Ratio?
What is the structure of WMG´s Total Debt?
How valuable is the WMG´s Equity?


WMG Total Debt to Equity (Jun 30 2024)
III. Quarter
(Mar 31 2024)
II. Quarter
(Dec 31 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
Y / Y Equity Change 112.37 % 119.92 % 118.44 % 155.95 % 73.84 %
Y / Y Total Debt Change -0.25 % -0.05 % 1.47 % 6.22 % 5.36 %
Total Debt to Equity MRQ 6.26 6.81 6.5 9.22 13.34
WMG's Total Ranking # 2193 # 2422 # 2642 # 3318 # 3472
Seq. Equity Change 8.55 % -5.03 % 43.26 % 43.81 % 12.41 %
Seq. Total Debt Change -0.15 % -0.5 % 1.01 % -0.6 % 0.05 %



Total Debt to Equity third quarter 2024 Company Ranking
Within: No.
Movies and Entertainment Industry # 12
Services Sector # 284
Overall Market # 2192


Total Debt to Equity Statistics
High Average Low
102.64 16.37 2.34
(Dec 31 2020)   (Sep 30 2012)




Financial Statements
Warner Music Group 's Equity $ 635 Millions Visit WMG's Balance sheet
Warner Music Group 's Total Debt $ 3,978 Millions Visit WMG's Balance sheet
Source of WMG's Sales Visit WMG's Sales by Geography


Cumulative Warner Music Group 's Total Debt to Equity

WMG's Total Debt to Equity for the trailling 12 Months

WMG Total Debt to Equity

(Jun 30 2024)
III. Quarter
(Mar 31 2024)
II. Quarter
(Dec 31 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
Y / Y Equity TTM Growth 112.37 % 119.92 % 118.44 % 155.95 % 73.84 %
Y / Y Total Debt TTM Growth -0.25 % -0.05 % 1.47 % 6.22 % 5.36 %
Total Debt to Equity TTM 7.03 8.26 9.9 12.44 15.42
Total Ranking TTM # 1793 # 2427 # 2474 # 467 # 446
Seq. Equity TTM Growth 8.55 % -5.03 % 43.26 % 43.81 % 12.41 %
Seq. Total Debt TTM Growth -0.15 % -0.5 % 1.01 % -0.6 % 0.05 %


On the trailing twelve months basis Due to debt repayement of -0.15% Warner Music Group decreased Total Debt to Equity in the 12 months ending in III Quarter 2024 to 7.03, below the company's average Total Debt to Equity.
Total Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Movies and Entertainment industry 5, during the past 12 months, other companies have achieved lower Total Debt to Equity than Warner Music Group . While Total Debt to Equity total ranking has improved so far to 1793, from total ranking in previous 12 month period at 2427.

Explain Debt to Equity Ratio?
What is the structure of WMG´s Total Debt?
How valuable is the WMG´s Equity?

TTM Total Debt to Equity Company Ranking
Within: No.
Within the Movies and Entertainment Industry # 6
Services Sector # 225
Within the Market # 1793


trailing twelve months Total Debt to Equity Statistics
High Average Low
321.13 22.51 0.03
(Mar 31 2021)   (Dec. 30, 2014)




Companies with similar Total Debt to Equity in the quarter ending Jun 30 2024, within Movies and Entertainment Industry Total Debt to EquityJun 30 2024 MRQ Total DebtJun 30 2024 MRQ Equity
Live Nation Entertainment Inc   11.29 $ 6,218.074  Millions$ 550.973  Millions
Warner Music Group Corp   6.26 $ 3,978.000  Millions$ 635.000  Millions
Manchester United Plc  3.53 $ 511.047  Millions$ 144.890  Millions
Accel Entertainment Inc   2.71 $ 565.741  Millions$ 209.088  Millions
Churchill Downs Inc  1.73 $ 1,785.600  Millions$ 1,030.900  Millions
Fubotv Inc   1.41 $ 359.402  Millions$ 254.231  Millions

Date modified: 2024-09-12T17:15:33+00:00



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