Is it safe?
Can WMG take a bad year?
Warner Music Group Corp. carries $4.09B of net debt at 3.23× EBITDA: a load its earnings can carry.
$4.09B
Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.23×
Net debt / EBITDA · 3.84× a year ago · the load is coming down
- Altman Z-score
- 1.46
Altman Z-score · distress zone, below 1.8
- Interest cover
- 5.52×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ3 2026
- $4.71B
- Cash and short-term investments
- $618M
- Net debt
- $4.09B
- EBITDA, trailing twelve months
- $1.27B
- Operating profit, trailing twelve months
- $1.00B
- Debt / equity
- 5.51×
- Total debt / EBITDA
- 3.72×
- Annualised volatilitytwo years of daily moves
- 32%
- Worst drawdown on file
- −54%
- Below its 52-week high
- −19%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.