Fox Corp Class B (FOX)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,351,000 | 4,815,000 | 3,322,000 | 4,052,000 | 4,319,000 | 3,791,000 | 4,122,000 | 3,829,000 | 4,272,000 | 4,146,000 | 4,058,000 | 4,950,000 | 5,200,000 | 4,634,000 | 4,255,000 | 5,411,000 | 5,886,000 | 5,765,000 | 4,502,000 | 5,061,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,897,000 | 3,567,000 | 3,297,000 | 3,005,000 | 2,952,000 | 2,217,000 | 3,707,000 | 3,589,000 | 3,763,000 | 4,402,000 | 2,543,000 | 2,362,000 | 2,296,000 | 2,121,000 | 2,870,000 | 2,869,000 | 3,002,000 | 2,985,000 | 2,213,000 | 2,012,000 |
| Cash ratio | 1.85 | 1.35 | 1.01 | 1.35 | 1.46 | 1.71 | 1.11 | 1.07 | 1.14 | 0.94 | 1.60 | 2.10 | 2.26 | 2.18 | 1.48 | 1.89 | 1.96 | 1.93 | 2.03 | 2.52 |
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 Fox Corp Class B cash ratio has exhibited notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, the ratio stood at 2.52 as of September 30, 2020, indicating that the company's cash holdings were more than twice its current liabilities, reflecting a strong liquidity position. Throughout 2020 and the first half of 2021, the cash ratio demonstrated a gradual decline, reaching a low of 1.48 at the end of 2021, which still signified adequate liquidity but marked a reduction compared to the earlier period.
In 2022, the ratio experienced an upward trend, reaching peaks of 2.26 in June and 2.10 in September, suggesting an improvement in cash holdings relative to current obligations. However, entering 2023, the ratio declined sharply to 0.94 in March, falling below the commonly accepted threshold for high liquidity, which indicates a reduced capacity to meet short-term liabilities solely with cash or cash equivalents. Subsequent months showed marginal recovery, with ratios moving back above 1, reaching 1.11 by December 2023, and continuing to increase into 2024.
From March 2024 onward, the cash ratio displayed modest fluctuation, with values ranging from approximately 1.01 in December 2024 to 1.85 in June 2025. The increased ratio towards mid-2025 suggests an improvement in liquidity position, restoring, to some extent, the company's ability to cover current liabilities with cash holdings.
Overall, the trend highlights periods of strong liquidity interspersed with phases of reduced capacity to rely solely on cash for short-term obligations, particularly marked by the significant dip observed in March 2023. The data reflects a generally stable yet fluctuating liquidity profile, with a strategic trend towards stabilization and slight improvement towards the latter part of the analyzed timeframe.
Peer comparison
Jun 30, 2025