It seems that every fiscal year, Warner Music Group shows a huge loss.
In fact, since 2001, the company has only shown an annual profit once. But how much money are we talking about? Well, we looked through every fiscal balance sheet for the past ten years, and found net losses totalling $10.14 billion.
Meanwhile, analysts continue to sound alarm bells ahead of a near-certain sale. That includes salty Wall Street analyst Richard Greenfield, who pointed to huge debt levels of roughly $1.5 billion. But securities analyst SmarTrend is now pointing to a debt load topping $1.9 billion, and the worst debt-earnings ratio in the entertainment industry. Warner got a 5.96x calculation, though Live Nation wasn’t far behind with a 5.94x ratio.