Fox Corp Class B (FOX)

Cash ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cash and cash equivalents	US$ in thousands	4,319,000	4,272,000	5,200,000	5,886,000	4,645,000
Short-term investments	US$ in thousands	797,000	884,000	435,000	788,000	531,000
Total current liabilities	US$ in thousands	2,952,000	3,763,000	2,296,000	3,002,000	1,906,000
Cash ratio		1.73	1.37	2.45	2.22	2.72

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,319,000K + $797,000K) ÷ $2,952,000K
= 1.73

The Fox Corp Class B's cash ratio has shown some fluctuations over the past five years. The cash ratio measures the company's ability to cover its short-term obligations with its readily available cash and cash equivalents.

In 2024, the cash ratio stands at 1.73, indicating that Fox Corp Class B has $1.73 in cash and cash equivalents for every $1 of current liabilities. This suggests a relatively healthy liquidity position as the company has a sufficient amount of cash to cover its short-term obligations.

Comparing this to previous years, the trend is as follows:
- In 2023, the cash ratio was 1.37, showing a slight improvement from the previous year.
- In 2022, the cash ratio was relatively high at 2.45, indicating a strong ability to meet short-term obligations with available cash.
- In 2021, the cash ratio was 2.22, which was lower compared to the peak in 2022 but still reflected a good liquidity position.
- In 2020, the cash ratio was 2.72, the highest among the five years, demonstrating strong liquidity and ability to cover short-term liabilities comfortably.

Overall, despite the slight decrease in the cash ratio from the previous year, Fox Corp Class B maintains a relatively healthy liquidity position, as indicated by consistently positive cash ratios over the five-year period.