Warner Bros Discovery Inc (WBD) — Tangible Net Worth Ratio
Warner Bros Discovery Inc (WBD) has a Tangible Net Worth Ratio of 20.5% as of March 2026. This metric is calculated by deducting intangible assets ($26.80 Billion) from net assets ($33.71 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See WBD working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Warner Bros Discovery Inc Tangible Net Worth Ratio (2000–2025)
This chart shows how Warner Bros Discovery Inc's Tangible Net Worth Ratio has changed across 26 annual periods from 2000 to 2025. As of March 2026, the ratio stands at 20.5%, reflecting net assets of $33.71 Billion with intangible assets of $26.80 Billion USD. See WBD cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Warner Bros Discovery Inc (2000–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Warner Bros Discovery Inc from 2000 to 2025, covering 26 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Warner Bros Discovery Inc (WBD) total market value.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 25.3% | $37.17 Billion | $27.76 Billion | $100.08 Billion | ▲ +72.4 pp |
| 2024 | -47.1% | $34.94 Billion | $51.40 Billion | $104.56 Billion | ▼ -19.1 pp |
| 2023 | -28.1% | $46.47 Billion | $59.51 Billion | $122.76 Billion | ▲ +19.1 pp |
| 2022 | -47.2% | $48.67 Billion | $71.63 Billion | $134.00 Billion | ▼ -71.4 pp |
| 2021 | 24.2% | $13.40 Billion | $10.15 Billion | $34.43 Billion | ▲ +13.7 pp |
| 2020 | 10.5% | $12.38 Billion | $11.08 Billion | $34.09 Billion | ▲ +9.1 pp |
| 2019 | 1.4% | $11.97 Billion | $11.80 Billion | $33.73 Billion | ▲ +22.6 pp |
| 2018 | -21.2% | $10.52 Billion | $12.74 Billion | $32.55 Billion | ▼ -41.9 pp |
| 2017 | 20.7% | $5.02 Billion | $3.98 Billion | $22.55 Billion | ▼ -12.7 pp |
| 2016 | 33.4% | $5.41 Billion | $3.60 Billion | $15.67 Billion | ▼ -0.5 pp |
| 2015 | 33.9% | $5.69 Billion | $3.76 Billion | $15.86 Billion | ▼ -4.0 pp |
| 2014 | 37.9% | $6.35 Billion | $3.94 Billion | $15.97 Billion | ▼ -6.8 pp |
| 2013 | 44.7% | $6.23 Billion | $3.45 Billion | $14.98 Billion | ▼ -20.9 pp |
| 2012 | 65.6% | $6.29 Billion | $2.17 Billion | $12.93 Billion | ▼ -5.7 pp |
| 2011 | 71.3% | $6.52 Billion | $1.87 Billion | $11.91 Billion | ▲ +0.9 pp |
| 2010 | 70.3% | $6.23 Billion | $1.85 Billion | $11.02 Billion | ▼ -0.2 pp |
| 2009 | 70.5% | $6.27 Billion | $1.85 Billion | $10.95 Billion | ▲ +4.3 pp |
| 2008 | 66.2% | $5.56 Billion | $1.88 Billion | $10.48 Billion | ▼ -33.8 pp |
| 2007 | 100.0% | $4.50 Billion | $1.00 Million | $5.87 Billion | ▼ 0.0 pp |
| 2006 | 100.0% | $4.55 Billion | $0.00 | $5.87 Billion | ▲ +46.6 pp |
| 2005 | 53.4% | $4.58 Billion | $2.13 Billion | $5.82 Billion | ▼ -46.6 pp |
| 2004 | 100.0% | $4.35 Billion | $0.00 | $5.56 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | $4.26 Billion | $0.00 | $5.40 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | $3.62 Billion | $0.00 | $5.37 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | $3.58 Billion | $0.00 | $5.40 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | $4.09 Billion | $0.00 | $5.95 Billion | — |