Warner Bros. Discovery annual debt-to-equity ratio
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2025
Warner Bros. Discovery Debt-to-Equity Ratio Growth & History (WBD)
Warner Bros. Discovery's debt-to-equity ratio was 1.00 for fiscal 2025.
View full Warner Bros. Discovery company overviewWarner Bros. Discovery annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.00 | −0.17 | −14.42% |
| 2024 | 2024-12-31 | 1.17 | 0.17 | +16.88% |
| 2023 | 2023-12-31 | 1.00 | −0.10 | −9.35% |
| 2022 | 2022-12-31 | 1.10 | −0.25 | −18.18% |
| 2021 | 2021-12-31 | 1.35 | −0.21 | −13.46% |
| 2020 | 2020-12-31 | 1.56 | −0.10 | −5.85% |
| 2019 | 2019-12-31 | 1.66 | −0.35 | −17.34% |
| 2018 | 2018-12-31 | 2.00 | −1.20 | −37.43% |
| 2017 | 2017-12-31 | 3.20 | 1.67 | +109.63% |
| 2016 | 2016-12-31 | 1.53 | 0.11 | +7.96% |
| 2015 | 2015-12-31 | 1.41 | 0.30 | +27.15% |
| 2014 | 2014-12-31 | 1.11 | 0.07 | +6.32% |
| 2013 | 2013-12-31 | 1.05 | 0.22 | +26.27% |
| 2012 | 2012-12-31 | 0.83 | 0.18 | +27.97% |
| 2011 | 2011-12-31 | 0.65 | 0.07 | +12.01% |
| 2010 | 2010-12-31 | 0.58 | 0.02 | +3.61% |
| 2009 | 2009-12-31 | 0.56 | −0.04 | −7.29% |
| 2008 | 2008-12-31 | 0.60 | — | — |
Warner Bros. Discovery quarterly debt-to-equity ratio
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Q2.09
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.93 | −0.02 | −2.60% |
| Q1 2026 | 2026-03-31 | 0.95 | −0.07 | −7.15% |
| Q4 2025 | 2025-12-31 | 1.00 | −0.17 | −14.42% |
| Q3 2025 | 2025-09-30 | 0.93 | −0.13 | −12.47% |
| Q2 2025 | 2025-06-30 | 0.95 | −0.13 | −12.08% |
| Q1 2025 | 2025-03-31 | 1.02 | 0.14 | +15.48% |
| Q4 2024 | 2024-12-31 | 1.17 | 0.17 | +16.88% |
| Q3 2024 | 2024-09-30 | 1.06 | 0.09 | +8.99% |
| Q2 2024 | 2024-06-30 | 1.09 | 0.11 | +11.46% |
| Q1 2024 | 2024-03-31 | 0.89 | −0.09 | −9.26% |
| Q4 2023 | 2023-12-31 | 1.00 | −0.10 | −9.35% |
| Q3 2023 | 2023-09-30 | 0.97 | −0.10 | −9.27% |
| Q2 2023 | 2023-06-30 | 0.97 | −0.08 | −7.99% |
| Q1 2023 | 2023-03-31 | 0.98 | −0.23 | −18.77% |
| Q4 2022 | 2022-12-31 | 1.10 | −0.25 | −18.18% |
| Q3 2022 | 2022-09-30 | 1.07 | −0.20 | −15.91% |
| Q2 2022 | 2022-06-30 | 1.06 | −0.25 | −18.82% |
| Q1 2022 | 2022-03-31 | 1.20 | −0.19 | −13.41% |
| Q4 2021 | 2021-12-31 | 1.35 | −0.21 | −13.46% |
| Q3 2021 | 2021-09-30 | 1.27 | −0.25 | −16.14% |
| Q2 2021 | 2021-06-30 | 1.30 | −0.24 | −15.80% |
| Q1 2021 | 2021-03-31 | 1.39 | −0.29 | −17.11% |
| Q4 2020 | 2020-12-31 | 1.56 | −0.10 | −5.85% |
| Q3 2020 | 2020-09-30 | 1.52 | −0.17 | −10.04% |
| Q2 2020 | 2020-06-30 | 1.55 | −0.22 | −12.49% |
| Q1 2020 | 2020-03-31 | 1.68 | −0.24 | −12.58% |
| Q4 2019 | 2019-12-31 | 1.66 | −0.35 | −17.34% |
| Q3 2019 | 2019-09-30 | 1.69 | −0.30 | −15.05% |
| Q2 2019 | 2019-06-30 | 1.77 | −0.53 | −23.09% |
| Q1 2019 | 2019-03-31 | 1.92 | −0.52 | −21.27% |
| Q4 2018 | 2018-12-31 | 2.00 | −1.20 | −37.43% |
| Q3 2018 | 2018-09-30 | 1.99 | −0.57 | −22.29% |
| Q2 2018 | 2018-06-30 | 2.30 | 0.81 | +54.49% |
| Q1 2018 | 2018-03-31 | 2.44 | 0.92 | +60.97% |
| Q4 2017 | 2017-12-31 | 3.20 | 1.67 | +109.63% |
| Q3 2017 | 2017-09-30 | 2.56 | 1.03 | +66.92% |
| Q2 2017 | 2017-06-30 | 1.49 | 0.01 | +0.59% |
| Q1 2017 | 2017-03-31 | 1.51 | 0.03 | +1.93% |
| Q4 2016 | 2016-12-31 | 1.53 | 0.11 | +7.96% |
| Q3 2016 | 2016-09-30 | 1.53 | 0.29 | +22.99% |
| Q2 2016 | 2016-06-30 | 1.48 | 0.17 | +13.14% |
| Q1 2016 | 2016-03-31 | 1.48 | 0.07 | +5.18% |
| Q4 2015 | 2015-12-31 | 1.41 | 0.30 | +27.15% |
| Q3 2015 | 2015-09-30 | 1.25 | 0.18 | +16.68% |
| Q2 2015 | 2015-06-30 | 1.31 | 0.28 | +27.17% |
| Q1 2015 | 2015-03-31 | 1.41 | 0.29 | +26.40% |
| Q4 2014 | 2014-12-31 | 1.11 | 0.07 | +6.32% |
| Q3 2014 | 2014-09-30 | 1.07 | 0.02 | +2.37% |
| Q2 2014 | 2014-06-30 | 1.03 | −0.00 | −0.05% |
| Q1 2014 | 2014-03-31 | 1.12 | 0.09 | +8.74% |
| Q4 2013 | 2013-12-31 | 1.05 | 0.22 | +26.27% |
| Q3 2013 | 2013-09-30 | 1.04 | 0.21 | +25.37% |
| Q2 2013 | 2013-06-30 | 1.03 | 0.23 | +27.99% |
| Q1 2013 | 2013-03-31 | 1.03 | 0.38 | +59.81% |
| Q4 2012 | 2012-12-31 | 0.83 | 0.18 | +27.97% |
| Q3 2012 | 2012-09-30 | 0.83 | 0.17 | +25.89% |
| Q2 2012 | 2012-06-30 | 0.80 | 0.15 | +23.73% |
| Q1 2012 | 2012-03-31 | 0.64 | 0.08 | +14.65% |
| Q4 2011 | 2011-12-31 | 0.65 | 0.07 | +12.01% |
| Q3 2011 | 2011-09-30 | 0.66 | 0.12 | +22.80% |
| Q2 2011 | 2011-06-30 | 0.65 | 0.10 | +17.35% |
| Q1 2011 | 2011-03-31 | 0.56 | 0.05 | +10.16% |
| Q4 2010 | 2010-12-31 | 0.58 | 0.02 | +3.61% |
| Q3 2010 | 2010-09-30 | 0.54 | −0.04 | −6.61% |
| Q2 2010 | 2010-06-30 | 0.55 | 0.04 | +7.14% |
| Q1 2010 | 2010-03-31 | 0.51 | — | — |
| Q4 2009 | 2009-12-31 | 0.56 | −0.04 | −7.29% |
| Q3 2009 | 2009-09-30 | 0.58 | — | — |
| Q2 2009 | 2009-06-30 | 0.52 | — | — |
| Q4 2008 | 2008-12-31 | 0.60 | — | — |
Warner Bros. Discovery debt-to-equity ratio trends
Over the last five fiscal years, Warner Bros. Discovery's debt-to-equity ratio decreased from 1.56 to 1.00, a change of −0.56. The latest reported quarter, Q2 2026, shows 0.93.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Warner Bros. Discovery source filings ↗Community posts
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