Is it safe?
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.
$28.7B
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
- 51%
- Worst drawdown on file
- −91%
- Below its 52-week high
- −4.2%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.