WBD (Warner Bros. Discovery) Debt-to-Equity : 1.16 (As of Dec. 2024)

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What is Warner Bros. Discovery Debt-to-Equity?

Warner Bros. Discovery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $2,748 Mil. Warner Bros. Discovery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $36,757 Mil. Warner Bros. Discovery's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $34,037 Mil. Warner Bros. Discovery's debt to equity for the quarter that ended in Dec. 2024 was 1.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Warner Bros. Discovery's Debt-to-Equity or its related term are showing as below:

WBD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.97 Med: 1.45 Max: 3.21
Current: 1.16

During the past 13 years, the highest Debt-to-Equity Ratio of Warner Bros. Discovery was 3.21. The lowest was 0.97. And the median was 1.45.

WBD's Debt-to-Equity is ranked worse than
79.62% of 834 companies
in the Media - Diversified industry
Industry Median: 0.26 vs WBD: 1.16

Warner Bros. Discovery Debt-to-Equity Historical Data

The historical data trend for Warner Bros. Discovery's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Warner Bros. Discovery Debt-to-Equity Chart

Warner Bros. Discovery Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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1.47

1.27

1.04

0.97

1.16

Warner Bros. Discovery Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.97	0.96	1.19	1.15	1.16

Competitive Comparison of Warner Bros. Discovery's Debt-to-Equity

For the Entertainment subindustry, Warner Bros. Discovery's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Warner Bros. Discovery's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Warner Bros. Discovery's Debt-to-Equity falls into.

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Warner Bros. Discovery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Warner Bros. Discovery's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2748	+	36757)	/	34037
	=	1.16

Warner Bros. Discovery's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2748	+	36757)	/	34037
	=	1.16

Warner Bros. Discovery (NAS:WBD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Warner Bros. Discovery Debt-to-Equity Related Terms

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Warner Bros. Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Bros. Discovery Inc (NAS:WBD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1WBD:Italy J5Ad:UK J5A:Germany J5A:Germany J5A:Germany J5A:Germany W1BD34:Brazil WBDI:Austria

Address

230 Park Avenue South, New York, NY, USA, 10003

Website

https://www.wbd.com

Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 70 countries.

Executives

Di Piazza Samuel A Jr.	director	100 BROOKWOOD PLACE, BIRMINGHAM AL 35209
David Zaslav	director, officer: Chief Executive Officer & Pres	C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Savalle Sims	officer: General Counsel	C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Gerhard Zeiler	officer: President, International	C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Advance/newhouse Partnership	director	5015 CAMPUSWOOD DR., EAST SYRACUSE NY 13057
Steven O Newhouse	director	6350 COURT STREET, EAST SYRACUSE NY 13057-1211
Advance/newhouse Programming Partnership	director, 10 percent owner	5000 CAMPUSWOOD DRIVE, E. SYRACUSE NY 13057
Gunnar Wiedenfels	officer: Chief Financial Officer	C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Fazal F Merchant	director	2230 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Geoffrey Y Yang	director	3000 SAND HILL ROAD, 2-290, MENLO PARK CA 94025
Paul A Gould	director	711 FIFTH AVENUE, 9TH FLOOR, NEW YORK NY 10022
Robert R Bennett	director	12300 LIBERTY BLVD, ENGLEWOOD CO 80112
David Leavy	officer: Chief Communications Officer	C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Li Haslett Chen	director	C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Debra L Lee	director	C/O BLACK ENTERTAINMENT, 1 BET PLZ. 1900W PLACE N.W., WASHINGTON DC 20018