Fox Corp Class B (FOX)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,351,000 | 4,319,000 | 4,272,000 | 5,200,000 | 5,886,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,897,000 | 2,952,000 | 3,763,000 | 2,296,000 | 3,002,000 |
| Cash ratio | 1.85 | 1.46 | 1.14 | 2.26 | 1.96 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,351,000K
+ $—K)
÷ $2,897,000K
= 1.85
The cash ratio for Fox Corp Class B has exhibited notable fluctuations over the specified period from June 30, 2021, to June 30, 2025. At the end of fiscal year 2021, the cash ratio stood at 1.96, indicating that the company possessed sufficiently liquid assets to cover its current liabilities nearly twice over, reflecting a robust liquidity position suitable for meeting short-term obligations without reliance on other current assets.
In the following year, 2022, the cash ratio increased to 2.26, suggesting an improvement in liquidity and an even stronger position to settle immediate liabilities solely through cash and cash equivalents. This heightened liquidity could imply a strategic accumulation of cash reserves or a reduction in current liabilities.
By the end of fiscal year 2023, the cash ratio declined sharply to 1.14, indicating a reduction in liquidity. Although the ratio remains above 1, signaling that cash and cash equivalents still exceed current liabilities, the substantial decrease suggests the company utilized some cash or increased other current liabilities, resulting in a more moderate cushion for short-term obligations.
In 2024, the cash ratio rebounded to 1.46, reflecting an improvement in liquidity relative to the prior year. This increase might be associated with strategic cash management actions or reductions in current liabilities, restoring a more comfortable liquidity buffer.
Finally, for 2025, the cash ratio increased further to 1.85, near the levels observed in 2021. This trend signifies continued strengthening of the company's short-term liquidity position, demonstrating prudent cash management and favorably positioning Fox Corp Class B to meet its immediate liabilities.
Overall, the company's cash ratio displays variability but predominantly remains above 1. indicating that Fox Corp Class B maintains a liquidity buffer sufficient to cover its current liabilities through cash and cash equivalents throughout the observed period. The fluctuations suggest periods of strategic cash accumulation and utilization, with recent years indicating a relatively stable and healthy liquidity profile.
Peer comparison
Jun 30, 2025