Warner Music Group annual debt-to-equity ratio
2012
2013
2014
2015
2016
2017
2021
2022
2023
2024
2025
Warner Music Group Debt-to-Equity Ratio Growth & History (WMG)
Warner Music Group's debt-to-equity ratio was 6.66 for fiscal 2025.
View full Warner Music Group company overviewWarner Music Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | 6.66 | −1.62 | −19.58% |
| 2024 | 2024-09-30 | 8.28 | −5.60 | −40.36% |
| 2023 | 2023-09-30 | 13.88 | −12.53 | −47.44% |
| 2022 | 2022-09-30 | 26.40 | −92.18 | −77.74% |
| 2021 | 2021-09-30 | 118.58 | — | — |
| 2017 | 2017-09-30 | 9.59 | −4.65 | −32.66% |
| 2016 | 2016-09-30 | 14.25 | 0.70 | +5.16% |
| 2015 | 2015-09-30 | 13.55 | 5.38 | +65.88% |
| 2014 | 2014-09-30 | 8.17 | 4.22 | +106.81% |
| 2013 | 2013-09-30 | 3.95 | 1.57 | +65.95% |
| 2012 | 2012-09-30 | 2.38 | — | — |
Warner Music Group quarterly debt-to-equity ratio
As of Sep 30, 2011
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | 5.76 | −1.57 | −21.39% |
| Q2 2026 | 2026-03-31 | 6.70 | −0.81 | −10.74% |
| Q1 2026 | 2025-12-31 | 6.40 | −1.35 | −17.46% |
| Q4 2025 | 2025-09-30 | 6.66 | −1.62 | −19.58% |
| Q3 2025 | 2025-06-30 | 7.33 | −1.48 | −16.78% |
| Q2 2025 | 2025-03-31 | 7.50 | −2.35 | −23.87% |
| Q1 2025 | 2024-12-31 | 7.75 | −1.53 | −16.47% |
| Q4 2024 | 2024-09-30 | 8.28 | −5.60 | −40.36% |
| Q3 2024 | 2024-06-30 | 8.81 | −6.47 | −42.36% |
| Q2 2024 | 2024-03-31 | 9.85 | −7.11 | −41.91% |
| Q1 2024 | 2023-12-31 | 9.28 | −6.35 | −40.62% |
| Q4 2023 | 2023-09-30 | 13.88 | −12.53 | −47.44% |
| Q3 2023 | 2023-06-30 | 15.28 | −10.87 | −41.57% |
| Q2 2023 | 2023-03-31 | 16.96 | −9.91 | −36.88% |
| Q1 2023 | 2022-12-31 | 15.63 | −11.59 | −42.58% |
| Q4 2022 | 2022-09-30 | 26.40 | −92.18 | −77.74% |
| Q3 2022 | 2022-06-30 | 26.15 | −19.57 | −42.80% |
| Q2 2022 | 2022-03-31 | 26.87 | −37.76 | −58.43% |
| Q1 2022 | 2021-12-31 | 27.22 | −205.66 | −88.31% |
| Q4 2021 | 2021-09-30 | 118.58 | — | — |
| Q3 2021 | 2021-06-30 | 45.72 | — | — |
| Q2 2021 | 2021-03-31 | 64.63 | — | — |
| Q1 2021 | 2020-12-31 | 232.88 | — | — |
| Q3 2018 | 2018-06-30 | 16.08 | 7.00 | +77.07% |
| Q2 2018 | 2018-03-31 | 15.59 | −0.68 | −4.20% |
| Q1 2018 | 2017-12-31 | 9.18 | −13.04 | −58.69% |
| Q4 2017 | 2017-09-30 | 9.59 | −4.65 | −32.66% |
| Q3 2017 | 2017-06-30 | 9.08 | −4.26 | −31.92% |
| Q2 2017 | 2017-03-31 | 16.28 | 3.10 | +23.53% |
| Q1 2017 | 2016-12-31 | 22.22 | 8.83 | +65.93% |
| Q4 2016 | 2016-09-30 | 14.25 | 0.70 | +5.16% |
| Q3 2016 | 2016-06-30 | 13.34 | 1.54 | +13.09% |
| Q2 2016 | 2016-03-31 | 13.18 | 1.52 | +13.07% |
| Q1 2016 | 2015-12-31 | 13.39 | 3.16 | +30.88% |
| Q4 2015 | 2015-09-30 | 13.55 | 5.38 | +65.88% |
| Q3 2015 | 2015-06-30 | 11.80 | 4.90 | +71.16% |
| Q2 2015 | 2015-03-31 | 11.65 | 7.05 | +153.06% |
| Q1 2015 | 2014-12-31 | 10.23 | 5.93 | +138.11% |
| Q4 2014 | 2014-09-30 | 8.17 | 4.22 | +106.81% |
| Q3 2014 | 2014-06-30 | 6.89 | 4.23 | +158.84% |
| Q2 2014 | 2014-03-31 | 4.61 | 1.96 | +74.12% |
| Q1 2014 | 2013-12-31 | 4.30 | 1.67 | +63.56% |
| Q4 2013 | 2013-09-30 | 3.95 | 1.57 | +65.95% |
| Q3 2013 | 2013-06-30 | 2.66 | 0.32 | +13.77% |
| Q2 2013 | 2013-03-31 | 2.64 | 0.42 | +18.97% |
| Q1 2013 | 2012-12-31 | 2.63 | 0.47 | +21.62% |
| Q4 2012 | 2012-09-30 | 2.38 | 0.30 | +14.32% |
| Q3 2012 | 2012-06-30 | 2.34 | — | — |
| Q2 2012 | 2012-03-31 | 2.22 | — | — |
| Q1 2012 | 2011-12-31 | 2.16 | — | — |
| As of Sep 30, 2011 | 2011-09-30 | 2.08 | — | — |
Warner Music Group debt-to-equity ratio trends
Between the periods ended 2012-09-30 and 2025-09-30, Warner Music Group's debt-to-equity ratio increased from 2.38 to 6.66, a change of 4.28. The latest reported quarter, Q3 2026, shows 5.76.
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 Music Group source filings ↗