Fox Corp Class B (FOX)
Liquidity ratios
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | |
|---|---|---|---|---|---|
| Current ratio | 2.54 | 1.93 | 3.61 | 2.91 | 3.93 |
| Quick ratio | 2.53 | 1.95 | 3.38 | 2.90 | 3.71 |
| Cash ratio | 1.73 | 1.37 | 2.45 | 2.22 | 2.72 |
Fox Corp Class B has demonstrated strong liquidity ratios over the past five years, indicating its ability to meet short-term obligations. The current ratio, which measures the company's ability to cover short-term liabilities with current assets, has shown fluctuations but generally remained above 1, indicating a healthy liquidity position. The current ratio increased from 1.93 in 2023 to 2.54 in 2024, suggesting an improvement in short-term liquidity.
Similarly, the quick ratio, which excludes inventory from current assets to provide a more stringent measure of liquidity, also showed favorable trends. The quick ratio ranged from 1.95 to 3.71 over the five-year period, indicating that Fox Corp Class B has a strong ability to cover its short-term obligations without relying on inventory sales.
The cash ratio, which is the most conservative measure of liquidity as it only considers cash and cash equivalents, has also been satisfactory. The cash ratio ranged from 1.37 to 2.72, indicating the company's ability to cover its current liabilities with cash on hand.
Overall, Fox Corp Class B's liquidity ratios suggest that the company has maintained a solid financial position in terms of its ability to meet short-term obligations throughout the years.
See also:
Fox Corp Class B Liquidity Ratios
Additional liquidity measure
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 155.84 | 130.37 | 182.05 | 181.59 | 183.54 |
The cash conversion cycle for Fox Corp Class B has shown fluctuations over the past five years. In particular:
- In Jun 2024, the cash conversion cycle was 155.84 days, indicating an increase from the previous year.
- In Jun 2023, the cycle was 130.37 days, showing an improvement compared to the year before.
- In Jun 2022, the cycle was at 182.05 days, reflecting a significant increase from the previous year.
- In Jun 2021 and Jun 2020, the cycle was 181.59 days and 183.54 days, respectively, remaining relatively stable.
The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other resources back into cash. A longer cycle generally indicates inefficiencies in managing working capital, which can tie up resources and impact liquidity. Evaluating the trend over the years can provide insights into Fox Corp's effectiveness in managing its cash flow and working capital efficiently.