WMG NASDAQ
Warner Music Group Corp.
1W: -3.3%
1M: +11.6%
3M: +3.8%
YTD: +0.2%
1Y: -7.1%
3Y: +1.0%
5Y: -30.8%
$30.31
+0.02 (+0.07%)
Pre-Market: $30.23 (-0.07, -0.25%)
Weekly Expected Move ±4.4%
$28
$30
$31
$32
$34
Credit Risk of going bust: lower than 64% of companies Debt: 23.7% of company value Bonds: $97.4M held by 58 funds, 95 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.64 (down 98%), Warner Music Group Corp. would be worth roughly what it owes.
Total debt $4.92B against a stock market value of $15.86B.
Distance to default 6.65 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.35B (short-term plus half of long-term), stock volatility 35.0%; Altman Z'' -0.31. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.64 (down 98%), Warner Music Group Corp. would be worth roughly what it owes.
Total debt $4.92B against a stock market value of $15.86B.
Distance to default 6.65 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.35B (short-term plus half of long-term), stock volatility 35.0%; Altman Z'' -0.31. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Total Assets
$9.8B
+7.4% ▲
5Y CAGR: +8.9%
Total Liabilities
$9.1B
+7.0% ▲
5Y CAGR: +7.0%
Shareholders Equity
$647M
+24.9% ▲
Cash & Investments
$532M
-23.3% ▼
5Y CAGR: -0.8%
Total Debt
$4.6B
+7.5% ▲
5Y CAGR: +6.0%
Net Debt
$4.1B
+13.4% ▲
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $499M | $584M | $641M | $694M | $532M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $499M | $584M | $641M | $694M | $532M |
| Net Receivables | $839M | $984M | $1.1B | $1.3B | $1.3B |
| Inventory | $99M | $108M | $126M | $99M | $62M |
| Other Current Assets | $86M | $91M | $102M | $125M | $255M |
| Total Current Assets | $1.9B | $2.1B | $2.4B | $2.6B | $2.8B |
| Property, Plant & Equip. | $632M | $641M | $703M | $706M | $630M |
| Goodwill & Intangibles | $4.0B | $4.3B | $4.5B | $4.5B | $4.8B |
| Long-Term Investments | $0 | $0 | $0 | $0 | $8M |
| Other Non-Current Assets | $651M | $715M | $913M | $1.2B | $1.5B |
| Total Non-Current Assets | $5.3B | $5.7B | $6.1B | $6.5B | $7.1B |
| Total Assets | $7.2B | $7.8B | $8.5B | $9.2B | $9.8B |
| — Liabilities — | |||||
| Accounts Payable | $302M | $268M | $300M | $289M | $257M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Deferred Revenue | $348M | $423M | $371M | $246M | $286M |
| Other Current Liabilities | $102M | $245M | $57M | $110M | $3.6B |
| Total Current Liabilities | $3.1B | $3.4B | $3.5B | $3.9B | $4.2B |
| Long-Term Debt | $3.3B | $3.7B | $4.0B | $4.0B | $4.4B |
| Other Non-Current Liab. | $175M | $99M | $141M | $146M | $142M |
| Total Non-Current Liabilities | $4.0B | $4.3B | $4.6B | $4.6B | $4.9B |
| Total Liabilities | $7.2B | $7.7B | $8.1B | $8.5B | $9.1B |
| — Equity — | |||||
| Common Stock | $1M | $1M | $1M | $1M | $1M |
| Retained Earnings | -$1.7B | -$1.5B | -$1.4B | -$1.3B | -$1.3B |
| Accumulated OCI | -$202M | -$347M | -$322M | -$247M | -$189M |
| Total Stockholders Equity | $31M | $152M | $307M | $518M | $647M |
| Total Liabilities & Equity | $7.2B | $7.8B | $8.5B | $9.2B | $9.8B |
| — Key Metrics — | |||||
| Total Debt | $3.7B | $4.0B | $4.3B | $4.3B | $4.6B |
| Net Debt | $3.2B | $3.4B | $3.6B | $3.6B | $4.1B |
| Total Investments | $0 | $0 | $0 | $0 | $8M |