Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Warner Bros. Discovery Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Warner Bros. Discovery Inc. debt to equity ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Warner Bros. Discovery Inc. debt to capital ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Warner Bros. Discovery Inc. debt to assets ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Warner Bros. Discovery Inc. financial leverage ratio decreased from Q1 2022 to Q2 2022 but then increased from Q2 2022 to Q3 2022 not reaching Q1 2022 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Warner Bros. Discovery Inc. interest coverage ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Debt to Equity
Warner Bros. Discovery Inc., debt to equity calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current portion of debt | 1,257) | 1,097) | 794) | 339) | 349) | 585) | 351) | 335) | 336) | 339) | 607) | 609) | 611) | 1,686) | 1,387) | 1,860) | 1,653) | 646) | 153) | 30) | 32) | 105) | 132) | |||||||
| Noncurrent portion of debt, net | 48,612) | 51,388) | 13,605) | 14,420) | 14,436) | 14,462) | 14,675) | 15,069) | 14,981) | 14,944) | 15,267) | 14,810) | 14,757) | 14,823) | 14,956) | 15,185) | 15,829) | 17,683) | 19,214) | 14,755) | 14,676) | 8,158) | 7,970) | |||||||
| Total debt | 49,869) | 52,485) | 14,399) | 14,759) | 14,785) | 15,047) | 15,026) | 15,404) | 15,317) | 15,283) | 15,874) | 15,419) | 15,368) | 16,509) | 16,343) | 17,045) | 17,482) | 18,329) | 19,367) | 14,785) | 14,708) | 8,263) | 8,102) | |||||||
| Total Warner Bros. Discovery, Inc. stockholders’ equity | 48,517) | 51,383) | 11,969) | 11,599) | 11,611) | 11,538) | 10,815) | 10,464) | 10,087) | 9,867) | 9,470) | 9,891) | 9,518) | 9,621) | 8,708) | 8,386) | 8,116) | 7,936) | 7,889) | 4,610) | 5,740) | 5,526) | 5,335) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to equity1 | 1.03 | 1.02 | 1.20 | 1.27 | 1.27 | 1.30 | 1.39 | 1.47 | 1.52 | 1.55 | 1.68 | 1.56 | 1.61 | 1.72 | 1.88 | 2.03 | 2.15 | 2.31 | 2.45 | 3.21 | 2.56 | 1.50 | 1.52 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||||
| Alphabet Inc. | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | 1.15 | 1.02 | 1.00 | 0.99 | 1.01 | 1.04 | 1.12 | 1.15 | 1.21 | 1.25 | 1.27 | 1.24 | 1.29 | 1.40 | 1.46 | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 0.68 | 0.75 | 0.83 | 0.97 | 1.01 | 1.13 | 1.21 | 1.47 | 1.55 | 1.69 | 1.74 | 1.95 | 1.81 | 2.06 | 1.81 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 0.56 | 0.57 | 0.60 | 0.61 | 0.64 | 0.66 | 0.69 | 0.70 | 0.75 | 0.61 | 0.54 | 0.53 | 0.64 | 0.63 | 0.41 | 0.43 | 0.51 | 0.55 | 0.60 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Debt to equity = Total debt ÷ Total Warner Bros. Discovery, Inc. stockholders’ equity
= 49,869 ÷ 48,517 = 1.03
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Warner Bros. Discovery Inc. debt to equity ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022. |
Debt to Capital
Warner Bros. Discovery Inc., debt to capital calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current portion of debt | 1,257) | 1,097) | 794) | 339) | 349) | 585) | 351) | 335) | 336) | 339) | 607) | 609) | 611) | 1,686) | 1,387) | 1,860) | 1,653) | 646) | 153) | 30) | 32) | 105) | 132) | |||||||
| Noncurrent portion of debt, net | 48,612) | 51,388) | 13,605) | 14,420) | 14,436) | 14,462) | 14,675) | 15,069) | 14,981) | 14,944) | 15,267) | 14,810) | 14,757) | 14,823) | 14,956) | 15,185) | 15,829) | 17,683) | 19,214) | 14,755) | 14,676) | 8,158) | 7,970) | |||||||
| Total debt | 49,869) | 52,485) | 14,399) | 14,759) | 14,785) | 15,047) | 15,026) | 15,404) | 15,317) | 15,283) | 15,874) | 15,419) | 15,368) | 16,509) | 16,343) | 17,045) | 17,482) | 18,329) | 19,367) | 14,785) | 14,708) | 8,263) | 8,102) | |||||||
| Total Warner Bros. Discovery, Inc. stockholders’ equity | 48,517) | 51,383) | 11,969) | 11,599) | 11,611) | 11,538) | 10,815) | 10,464) | 10,087) | 9,867) | 9,470) | 9,891) | 9,518) | 9,621) | 8,708) | 8,386) | 8,116) | 7,936) | 7,889) | 4,610) | 5,740) | 5,526) | 5,335) | |||||||
| Total capital | 98,386) | 103,868) | 26,368) | 26,358) | 26,396) | 26,585) | 25,841) | 25,868) | 25,404) | 25,150) | 25,344) | 25,310) | 24,886) | 26,130) | 25,051) | 25,431) | 25,598) | 26,265) | 27,256) | 19,395) | 20,448) | 13,789) | 13,437) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to capital1 | 0.51 | 0.51 | 0.55 | 0.56 | 0.56 | 0.57 | 0.58 | 0.60 | 0.60 | 0.61 | 0.63 | 0.61 | 0.62 | 0.63 | 0.65 | 0.67 | 0.68 | 0.70 | 0.71 | 0.76 | 0.72 | 0.60 | 0.60 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||||
| Alphabet Inc. | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | 0.54 | 0.51 | 0.50 | 0.50 | 0.50 | 0.51 | 0.53 | 0.53 | 0.55 | 0.56 | 0.56 | 0.55 | 0.56 | 0.58 | 0.59 | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 0.40 | 0.43 | 0.45 | 0.49 | 0.50 | 0.53 | 0.55 | 0.60 | 0.61 | 0.63 | 0.64 | 0.66 | 0.64 | 0.67 | 0.64 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 0.36 | 0.36 | 0.38 | 0.38 | 0.39 | 0.40 | 0.41 | 0.41 | 0.43 | 0.38 | 0.35 | 0.35 | 0.39 | 0.39 | 0.29 | 0.30 | 0.34 | 0.35 | 0.38 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 49,869 ÷ 98,386 = 0.51
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Warner Bros. Discovery Inc. debt to capital ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022. |
Debt to Assets
Warner Bros. Discovery Inc., debt to assets calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current portion of debt | 1,257) | 1,097) | 794) | 339) | 349) | 585) | 351) | 335) | 336) | 339) | 607) | 609) | 611) | 1,686) | 1,387) | 1,860) | 1,653) | 646) | 153) | 30) | 32) | 105) | 132) | |||||||
| Noncurrent portion of debt, net | 48,612) | 51,388) | 13,605) | 14,420) | 14,436) | 14,462) | 14,675) | 15,069) | 14,981) | 14,944) | 15,267) | 14,810) | 14,757) | 14,823) | 14,956) | 15,185) | 15,829) | 17,683) | 19,214) | 14,755) | 14,676) | 8,158) | 7,970) | |||||||
| Total debt | 49,869) | 52,485) | 14,399) | 14,759) | 14,785) | 15,047) | 15,026) | 15,404) | 15,317) | 15,283) | 15,874) | 15,419) | 15,368) | 16,509) | 16,343) | 17,045) | 17,482) | 18,329) | 19,367) | 14,785) | 14,708) | 8,263) | 8,102) | |||||||
| Total assets | 136,049) | 142,240) | 33,799) | 34,427) | 34,318) | 34,572) | 33,625) | 34,087) | 33,438) | 33,089) | 33,390) | 33,735) | 32,825) | 33,845) | 32,444) | 32,550) | 32,912) | 33,492) | 34,658) | 22,555) | 23,143) | 16,149) | 15,862) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to assets1 | 0.37 | 0.37 | 0.43 | 0.43 | 0.43 | 0.44 | 0.45 | 0.45 | 0.46 | 0.46 | 0.48 | 0.46 | 0.47 | 0.49 | 0.50 | 0.52 | 0.53 | 0.55 | 0.56 | 0.66 | 0.64 | 0.51 | 0.51 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||||
| Alphabet Inc. | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | 0.36 | 0.35 | 0.35 | 0.34 | 0.35 | 0.36 | 0.37 | 0.38 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.42 | 0.43 | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 0.29 | 0.31 | 0.32 | 0.35 | 0.36 | 0.38 | 0.39 | 0.42 | 0.42 | 0.42 | 0.42 | 0.43 | 0.40 | 0.42 | 0.38 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 0.25 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.29 | 0.29 | 0.31 | 0.27 | 0.24 | 0.24 | 0.28 | 0.27 | 0.21 | 0.21 | 0.24 | 0.25 | 0.27 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 49,869 ÷ 136,049 = 0.37
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Warner Bros. Discovery Inc. debt to assets ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Financial Leverage
Warner Bros. Discovery Inc., financial leverage calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Total assets | 136,049) | 142,240) | 33,799) | 34,427) | 34,318) | 34,572) | 33,625) | 34,087) | 33,438) | 33,089) | 33,390) | 33,735) | 32,825) | 33,845) | 32,444) | 32,550) | 32,912) | 33,492) | 34,658) | 22,555) | 23,143) | 16,149) | 15,862) | |||||||
| Total Warner Bros. Discovery, Inc. stockholders’ equity | 48,517) | 51,383) | 11,969) | 11,599) | 11,611) | 11,538) | 10,815) | 10,464) | 10,087) | 9,867) | 9,470) | 9,891) | 9,518) | 9,621) | 8,708) | 8,386) | 8,116) | 7,936) | 7,889) | 4,610) | 5,740) | 5,526) | 5,335) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Financial leverage1 | 2.80 | 2.77 | 2.82 | 2.97 | 2.96 | 3.00 | 3.11 | 3.26 | 3.31 | 3.35 | 3.53 | 3.41 | 3.45 | 3.52 | 3.73 | 3.88 | 4.06 | 4.22 | 4.39 | 4.89 | 4.03 | 2.92 | 2.97 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||||
| Alphabet Inc. | 1.41 | 1.39 | 1.41 | 1.43 | 1.42 | 1.41 | 1.42 | 1.44 | 1.41 | 1.34 | 1.34 | 1.37 | 1.35 | 1.34 | 1.34 | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | 3.17 | 2.92 | 2.89 | 2.87 | 2.89 | 2.92 | 3.01 | 3.03 | 3.12 | 3.18 | 3.22 | 3.18 | 3.28 | 3.34 | 3.42 | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 1.44 | 1.35 | 1.33 | 1.33 | 1.27 | 1.23 | 1.22 | 1.24 | 1.24 | 1.26 | 1.31 | 1.32 | 1.32 | 1.32 | 1.27 | — | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 2.32 | 2.43 | 2.58 | 2.81 | 2.79 | 2.96 | 3.11 | 3.55 | 3.74 | 3.98 | 4.17 | 4.48 | 4.51 | 4.94 | 4.77 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 2.21 | 2.23 | 2.26 | 2.30 | 2.33 | 2.34 | 2.40 | 2.41 | 2.42 | 2.28 | 2.24 | 2.18 | 2.32 | 2.38 | 1.99 | 2.02 | 2.14 | 2.17 | 2.26 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Financial leverage = Total assets ÷ Total Warner Bros. Discovery, Inc. stockholders’ equity
= 136,049 ÷ 48,517 = 2.80
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Warner Bros. Discovery Inc. financial leverage ratio decreased from Q1 2022 to Q2 2022 but then increased from Q2 2022 to Q3 2022 not reaching Q1 2022 level. |
Interest Coverage
Warner Bros. Discovery Inc., interest coverage calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net income (loss) available to Warner Bros. Discovery, Inc. | (2,308) | (3,418) | 456) | 38) | 156) | 672) | 140) | 271) | 300) | 271) | 377) | 476) | 262) | 947) | 384) | 269) | 117) | 216) | (8) | (1,144) | 218) | 374) | 215) | |||||||
| Add: Net income attributable to noncontrolling interest | 23) | 10) | 19) | 53) | 41) | 46) | 51) | 47) | 30) | 29) | 30) | 35) | 35) | 40) | 34) | 30) | 18) | 28) | 11) | 7) | 5) | 6) | 6) | |||||||
| Add: Income tax expense | (566) | (836) | 201) | 92) | 36) | 2) | 106) | 98) | (11) | 156) | 130) | 52) | 147) | (271) | 153) | 195) | 43) | 123) | (20) | 87) | (59) | 93) | 55) | |||||||
| Add: Interest expense, net | 555) | 511) | 153) | 154) | 159) | 157) | 163) | 163) | 161) | 161) | 163) | 171) | 163) | 161) | 182) | 171) | 185) | 196) | 177) | 157) | 136) | 91) | 91) | |||||||
| Earnings before interest and tax (EBIT) | (2,296) | (3,733) | 829) | 337) | 392) | 877) | 460) | 579) | 480) | 617) | 700) | 734) | 607) | 877) | 753) | 665) | 363) | 563) | 160) | (893) | 300) | 564) | 367) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Interest coverage1 | -3.54 | -2.23 | 3.91 | 3.26 | 3.60 | 3.72 | 3.30 | 3.67 | 3.86 | 4.04 | 4.43 | 4.39 | 4.29 | 3.80 | 3.19 | 2.40 | 0.27 | 0.20 | 0.23 | 0.71 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||||
| Comcast Corp. | 3.35 | 5.43 | 5.57 | 5.46 | 5.67 | 4.94 | 4.54 | 4.07 | 3.94 | 4.26 | 4.29 | 4.72 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 8.97 | 8.83 | 8.62 | 8.63 | 8.49 | 7.41 | 6.71 | 5.17 | 4.80 | 5.21 | 4.64 | 4.29 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Interest coverage
= (EBITQ3 2022
+ EBITQ2 2022
+ EBITQ1 2022
+ EBITQ4 2021)
÷ (Interest expenseQ3 2022
+ Interest expenseQ2 2022
+ Interest expenseQ1 2022
+ Interest expenseQ4 2021)
= (-2,296 + -3,733 + 829 + 337)
÷ (555 + 511 + 153 + 154)
= -3.54
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Warner Bros. Discovery Inc. interest coverage ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |