Warner Music Group (WMG) — Working Capital to Net Assets Ratio
Warner Music Group (WMG) has a Working Capital to Net Assets ratio of -108.9% as of June 2026. Working capital of $-1.18 Billion (current assets of $3.26 Billion minus current liabilities of $4.44 Billion) is measured against net assets of $1.09 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Warner Music Group (WMG) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Warner Music Group Working Capital to Net Assets (2003–2025)
This chart shows how Warner Music Group's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2003 to 2025. As of June 2026, the ratio stands at -108.9%, reflecting working capital of $-1.18 Billion against net assets of $1.09 Billion USD. For the complete balance sheet picture, see Warner Music Group asset portfolio.
Annual Working Capital to Net Assets for Warner Music Group (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Warner Music Group from 2003 to 2025, covering 23 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check how resilient are Warner Music Group's assets to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -189.0% | $-1.43 Billion | $757.00 Million | $2.77 Billion | $4.20 Billion | ▼ -3.3 pp |
| 2024 | -185.8% | $-1.25 Billion | $675.00 Million | $2.64 Billion | $3.90 Billion | ▲ +78.6 pp |
| 2023 | -264.4% | $-1.14 Billion | $430.00 Million | $2.40 Billion | $3.54 Billion | ▲ +467.1 pp |
| 2022 | -731.5% | $-1.23 Billion | $168.00 Million | $2.14 Billion | $3.37 Billion | ▲ +1994.5 pp |
| 2021 | -2726.1% | $-1.25 Billion | $46.00 Million | $1.90 Billion | $3.15 Billion | ▼ -5041.6 pp |
| 2020 | 2315.6% | $-1.04 Billion | $-45.00 Million | $1.68 Billion | $2.72 Billion | ▲ +1896.2 pp |
| 2019 | 419.3% | $-1.13 Billion | $-269.00 Million | $1.69 Billion | $2.82 Billion | ▲ +45.3 pp |
| 2018 | 374.1% | $-1.20 Billion | $-320.00 Million | $1.18 Billion | $2.37 Billion | ▲ +641.9 pp |
| 2017 | -267.9% | $-825.00 Million | $308.00 Million | $1.27 Billion | $2.10 Billion | ▲ +176.9 pp |
| 2016 | -444.8% | $-934.00 Million | $210.00 Million | $908.00 Million | $1.84 Billion | ▼ -13.8 pp |
| 2015 | -431.0% | $-1.03 Billion | $239.00 Million | $827.00 Million | $1.86 Billion | ▼ -148.1 pp |
| 2014 | -282.8% | $-1.10 Billion | $390.00 Million | $782.00 Million | $1.89 Billion | ▼ -135.7 pp |
| 2013 | -147.1% | $-1.09 Billion | $743.00 Million | $894.00 Million | $1.99 Billion | ▼ -76.4 pp |
| 2012 | -70.7% | $-667.00 Million | $944.00 Million | $939.00 Million | $1.61 Billion | ▼ -4.1 pp |
| 2011 | -66.5% | $-720.00 Million | $1.08 Billion | $802.00 Million | $1.52 Billion | ▼ -347.1 pp |
| 2010 | 280.6% | $-592.00 Million | $-211.00 Million | $1.13 Billion | $1.72 Billion | ▼ -486.1 pp |
| 2009 | 766.7% | $-644.00 Million | $-84.00 Million | $1.23 Billion | $1.87 Billion | ▲ +42.2 pp |
| 2008 | 724.4% | $-623.00 Million | $-86.00 Million | $1.25 Billion | $1.87 Billion | ▼ -2138.1 pp |
| 2007 | 2862.5% | $-687.00 Million | $-24.00 Million | $1.20 Billion | $1.88 Billion | ▲ +3722.8 pp |
| 2006 | -860.3% | $-499.00 Million | $58.00 Million | $1.30 Billion | $1.80 Billion | ▼ -291.8 pp |
| 2005 | -568.5% | $-506.00 Million | $89.00 Million | $1.24 Billion | $1.75 Billion | ▼ -435.9 pp |
| 2004 | -132.6% | $-642.00 Million | $484.00 Million | $1.54 Billion | $2.18 Billion | ▼ -1801.5 pp |
| 2003 | 1668.9% | $-2.04 Billion | $-122.00 Million | $144.00 Million | $2.18 Billion | — |