Universal Music Group NV (XAMS:UMG) Debt-to-Asset : 0.19 (As of Dec. 2023)

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What is Universal Music Group NV Debt-to-Asset?

Universal Music Group NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €364 Mil. Universal Music Group NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,150 Mil. Universal Music Group NV's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €13,091 Mil. Universal Music Group NV's debt to asset for the quarter that ended in Dec. 2023 was 0.19.

Universal Music Group NV Debt-to-Asset Historical Data

The historical data trend for Universal Music Group NV's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Universal Music Group NV Debt-to-Asset Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.07

0.31

0.26

0.23

0.19

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial					0.26	0.33	0.23	0.25	0.19

Competitive Comparison of Universal Music Group NV's Debt-to-Asset

For the Entertainment subindustry, Universal Music Group NV's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Universal Music Group NV's Debt-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Universal Music Group NV's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Universal Music Group NV's Debt-to-Asset falls into.

Universal Music Group NV Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Universal Music Group NV's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(364	+	2150)	/	13091
	=	0.19

Universal Music Group NV's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(364	+	2150)	/	13091
	=	0.19

Universal Music Group NV (XAMS:UMG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Universal Music Group NV Debt-to-Asset Related Terms

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Universal Music Group NV (XAMS:UMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (XAMS:UMG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

UNVGY:USA UMGNF:USA UMGa:UK 0VD:Germany UMG:Austria

Address

Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW

Website

https://www.universalmusic.com

Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.

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