Warner Music Group Corp.

Warner Music Group Corp.verified

WMG

Price:

$28.84

Market Cap:

$14.94B

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records...[Read more]

Industry

Entertainment

IPO Date

2020-06-03

Stock Exchange

NASDAQ

Ticker

WMG

The Current Ratio as of September 2024 (TTM) for Warner Music Group Corp. (WMG) is 0.69

According to Warner Music Group Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.69. This represents a change of 0.51% compared to the average of 0.69 of the last 4 quarters.

Warner Music Group Corp. (WMG) Historical Current Ratio (quarterly & annually)

How has WMG Current Ratio performed in the past?

The mean historical Current Ratio of Warner Music Group Corp. over the last ten years is 0.56. The current 0.69 Current Ratio has changed 12.34% with respect to the historical average. Over the past ten years (40 quarters), WMG's Current Ratio was at its highest in in the June 2023 quarter at 0.70. The Current Ratio was at its lowest in in the September 2014 quarter at 0.41.

Quarterly (TTM)
Annual

Average

0.56

Median

0.60

Minimum

0.41

Maximum

0.68

Warner Music Group Corp. (WMG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Warner Music Group Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 23.17%

Maximum Annual Current Ratio = 0.68

Minimum Annual Increase = -18.38%

Minimum Annual Current Ratio = 0.41

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.686.87%
20220.645.51%
20210.60-2.43%
20200.622.84%
20190.6021.04%
20180.50-18.38%
20170.6123.17%
20160.4910.69%
20150.457.35%
20140.41-7.79%

Warner Music Group Corp. (WMG) Average Current Ratio

How has WMG Current Ratio performed in the past?

The current Current Ratio of Warner Music Group Corp. (WMG) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.64

5-year avg

0.63

10-year avg

0.56

Warner Music Group Corp. (WMG) Current Ratio vs. Peers

How is WMG’s Current Ratio compared to its peers?

Warner Music Group Corp.’s Current Ratio is less than News Corporation (1.43), greater than The Marcus Corporation (0.51), less than Formula One Group (1.68), less than Fox Corporation (2.54), less than Formula One Group (1.68), greater than The Liberty Braves Group (0.64), less than News Corporation (1.43), greater than The Liberty Braves Group (0.64), greater than Madison Square Garden Sports Corp. (0.41), less than World Wrestling Entertainment, Inc. (3.78), greater than Sphere Entertainment Co. (0.63),

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