Warner Music Group Tangible Net Worth Ratio
Warner Music Group tangible net worth ratio. Warner Music Group (WMG) has a Tangible Net Worth Ratio of -199.4% as of June 2026. This metric is calculated by deducting intangible assets ($3.25 Billion) from net assets ($1.09 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. Check Warner Music Group strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Warner Music Group (2002–2025)
Tangible net worth ratio of Warner Music Group from 2002 to 2025. This chart shows how Warner Music Group's Tangible Net Worth Ratio has changed across 16 annual periods from 2002 to 2025. As of June 2026, the ratio stands at -199.4%, reflecting net assets of $1.09 Billion with intangible assets of $3.25 Billion USD. See Warner Music Group short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Warner Music Group Tangible Net Worth Ratio by Year (2002–2025)
Warner Music Group tangible net worth ratio by year from 2002 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Warner Music Group from 2002 to 2025, covering 16 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 live market cap and overall valuation, see Warner Music Group market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -260.0% | $757.00 Million | $2.73 Billion | $9.83 Billion | ▼ -10.5 pp |
| 2024 | -249.5% | $675.00 Million | $2.36 Billion | $9.15 Billion | ▲ +232.4 pp |
| 2023 | -481.9% | $430.00 Million | $2.50 Billion | $8.54 Billion | ▲ +837.2 pp |
| 2022 | -1319.0% | $168.00 Million | $2.38 Billion | $7.83 Billion | ▲ +3300.5 pp |
| 2021 | -4619.6% | $46.00 Million | $2.17 Billion | $7.21 Billion | ▼ -4003.0 pp |
| 2017 | -616.6% | $308.00 Million | $2.21 Billion | $5.72 Billion | ▲ +386.8 pp |
| 2016 | -1003.3% | $210.00 Million | $2.32 Billion | $5.33 Billion | ▼ -1.7 pp |
| 2015 | -1001.7% | $239.00 Million | $2.63 Billion | $5.62 Billion | ▼ -331.4 pp |
| 2014 | -670.3% | $390.00 Million | $3.00 Billion | $5.95 Billion | ▼ -335.9 pp |
| 2013 | -334.3% | $743.00 Million | $3.23 Billion | $6.25 Billion | ▼ -158.8 pp |
| 2012 | -175.5% | $944.00 Million | $2.60 Billion | $5.28 Billion | ▼ -18.6 pp |
| 2011 | -156.9% | $1.08 Billion | $2.78 Billion | $5.38 Billion | ▲ +2865.5 pp |
| 2006 | -3022.4% | $58.00 Million | $1.81 Billion | $4.52 Billion | ▲ +5.7 pp |
| 2005 | -3028.1% | $89.00 Million | $2.78 Billion | $4.50 Billion | ▼ -2505.2 pp |
| 2004 | -522.9% | $484.00 Million | $3.02 Billion | $5.09 Billion | ▼ -622.9 pp |
| 2002 | 100.0% | $3.00 Billion | $0.00 | $5.68 Billion | — |