Fox Corp Class B (FOX)

The liquidity ratios of Fox Corp Class B indicate fluctuations over the specified period, reflecting variations in the company’s ability to meet its short-term obligations with liquid assets.

The current ratio, which measures the company's ability to cover its current liabilities with all current assets, experienced an increase from 2.91 in June 2021 to a peak of 3.61 in June 2022. Subsequently, there was a decline to 1.93 in June 2023, indicating a reduced margin of safety in covering short-term liabilities. However, the ratio recovered to 2.54 in June 2024 and further stabilized at 2.91 in June 2025, suggesting an overall resilient liquidity position, though the dip in 2023 warrants attention for potential short-term liquidity management concerns.

The quick ratio, which excludes inventories from current assets, followed a similar trend. It rose from 2.64 in June 2021 to 3.19 in June 2022, then decreased to 1.71 in June 2023. The subsequent increase to 2.26 in 2024 and to 2.70 in 2025 indicates a strengthening in the company's highly liquid assets position relative to its short-term liabilities. The notable decline in 2023 suggests a temporary deterioration in the ability to meet short-term obligations with the most liquid assets.

The cash ratio, reflecting the most conservative measure of liquidity by comparing cash and cash equivalents to current liabilities, also showed a peak in June 2022 at 2.26. It decreased markedly to 1.14 in June 2023, indicating a reduced cushion in cash resources relative to current liabilities. The ratio then improved to 1.46 in 2024 and further to 1.85 in 2025, signaling a gradual recovery in cash holdings relative to short-term obligations.

Overall, the liquidity position of Fox Corp Class B demonstrates a pattern of strength from 2021 to 2022, followed by a temporary weakening in 2023, with subsequent improvement in the following years. The trend highlights the importance of monitoring short-term asset management, particularly around 2023, to ensure sustained liquidity adequacy.

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See also:

Fox Corp Class B Liquidity Ratios

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Additional liquidity measure

The cash conversion cycle (CCC) for Fox Corp Class B has exhibited fluctuations over the observed period from June 30, 2021, to June 30, 2025. In the fiscal year ending June 30, 2021, the CCC was approximately 60.43 days, indicating that, on average, the company took just over two months to convert its investments in inventory and receivables into cash, net of its payables.

By June 30, 2022, the CCC decreased slightly to 59.63 days, suggesting a marginal improvement in the efficiency of working capital management during this period. The downward trend became more pronounced in the subsequent year, with the CCC dropping to 44.54 days as of June 30, 2023. This reduction implies that the company became more effective at shortening its cycle, likely through faster collection of receivables, more efficient inventory management, or extended payables.

However, this improved efficiency was not sustained. By June 30, 2024, the CCC increased again to 59.43 days, nearly returning to the levels observed in 2021. The year ending June 30, 2025, saw a slight decrease to 55.35 days, but it still remained higher than the 2023 level. These shifts suggest periods of operational adjustments and varying efficiencies in managing receivables, inventory, and payables over the years.

Overall, the trends in Fox Corp Class B's cash conversion cycle demonstrate periods of operational efficiency gains followed by regressions. The notable reduction in 2023 indicates a phase of improved working capital management, whereas the subsequent increases suggest a potential reversion towards longer cycles, possibly influenced by strategic or external factors affecting receivables collection, inventory turnover, or payables practices.