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# Warner Music & Live Nation Debt Risk Tops All Music, Entertainment Stocks
- URL: https://www.hypebot.com/warner-music-live-nation-debt-risk-tops-all-music-entertainment-stocks/
- Published: 2011-04-12T10:34:00.000Z
- Updated: 2011-04-12T10:34:00.000Z
- Description: Sale rumors have pushed the stock price of Warner Music Group to new heights. But a strong stock price does not erase an underlying weakness in the company. WMG has. Continue reading [https://www.hypebot.com/hypebot/2011/04/warner-music-live-nation-debt-risk-tops-all-music-entertainment-stocks.htm
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e2014e60b7be39970c-120wi "image from www.google.com")](http://www.google.com/url?source=imgres&ct=img&q=http://4.bp.blogspot.com/%5FNv0q0J9GLs8/SwDkcpED8mI/AAAAAAAACGE/cvDn6qJmACs/s1600/800px-Warner%5FMusic%5FGroup%5Flogo.jpg&sa=X&ei=Zl-kTcCzKc-D0QGLxdzTCA&ved=0CAQQ8wc&usg=AFQjCNEdoNS3XGxWCkaXLri8Tv827TNzeA)

Sale rumors have pushed the stock price of Warner Music Group to new heights. But a strong stock price does not erase an underlying weakness in the company. WMG has the highest debt risk as measured by a debt's pay-back period (Debt/EBITDA). Post-Ticketmaster merger, Live Nation sits at #2\. "The longer the payback period, the greater the risk," according to [Zack's Investment Research](http://www.zacks.com/research/get%5Fnews.php?id=102l1591&ref=hypebot.com) who compiled the list. "This metric ignores all tax expenses even though a good portion are cash payments and gets paid first." The top 5, as measured by Debt/EBITDA:

1. **Warner Music** (NYSE:WMG) has a Debt/EBITDA ratio of 5.96x based on total debt of $1.9 billion.
2. **Live Nation** (NYSE:LYV) has a Debt/EBITDA ratio of 5.94x based on total debt of $1.7 billion.
3. **Carmike Cinemas** (NASDAQ:CKEC) has a Debt/EBITDA ratio of 5.51x based on total debt of $353.4 million.
4. **Regal Entertainment Group** (NYSE:RGC) has a Debt/EBITDA ratio of 4.64x based on total debt of $2.1 billion.
5. **Cinemark** (NYSE:CNK) has a Debt/EBITDA ratio of 3.79x based on total debt of $1.7 billion.