WBDWarner Bros. Discovery
Is it safe?
Elevated bankruptcy risk: a balance sheet under strain and big price swings. Everything else is secondary until this clears.
Elevated financial-distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$141.3M, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -91% · now at/near its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can WBD take a bad year?
Warner Bros. Discovery carries $28.7B of net debt at 7.54× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 7.54×
Net debt / EBITDA · 4.49× a year ago · the load is going up
- Altman Z-score
- 0.89
Altman Z-score · distress zone, below 1.8
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
Details›
- Total debtQ2 2026
- $32.0B
- Cash and short-term investments
- $3.37B
- Net debt
- $28.7B
- EBITDA, trailing twelve months
- $3.80B
- Operating profit, trailing twelve months
- −$1.27B
- Debt / equity
- 0.97×
- Total debt / EBITDA
- 8.42×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −91%
- Below its 52-week high
- 0.00%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Entertainment
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