Fox Corp Class B (FOX)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 4,645,000 | 3,196,000 | 1,991,000 | 3,340,000 |
| Short-term investments | US$ in thousands | 797,000 | — | — | — | 884,000 | — | — | — | 435,000 | — | — | — | 788,000 | 926,000 | 894,000 | 640,000 | 531,000 | 256,000 | 1,100,000 | 804,000 |
| Total current liabilities | US$ in thousands | 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 | 1,906,000 | 1,780,000 | 1,816,000 | 1,890,000 |
| Cash ratio | 1.73 | 1.71 | 1.11 | 1.07 | 1.37 | 0.94 | 1.60 | 2.10 | 2.45 | 2.18 | 1.48 | 1.89 | 2.22 | 2.24 | 2.44 | 2.83 | 2.72 | 1.94 | 1.70 | 2.19 |
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 cash ratio of Fox Corp Class B has shown fluctuations over the various quarters in the provided data. The cash ratio represents the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to pay off short-term obligations.
In the most recent quarter, ending on June 30, 2024, the cash ratio stood at 1.73, which indicates that Fox Corp Class B had $1.73 in cash and cash equivalents for every $1 of its short-term liabilities. This suggests a healthy liquidity position for the company.
Looking at the trend over the past few quarters, the cash ratio has generally been above 1, indicating that Fox Corp Class B has maintained a strong ability to meet its short-term obligations with its cash reserves. The company's cash ratio peaked at 2.83 in September 2020, reflecting a significant liquidity cushion at that time.
However, there have been periods where the cash ratio dipped below 1, such as in March 2023 when it was at 0.94. This could suggest a temporary strain on liquidity or an increase in short-term liabilities relative to available cash during that period.
Overall, the fluctuations in the cash ratio of Fox Corp Class B demonstrate variations in the company's liquidity position over time. Investors and analysts may monitor this ratio along with other financial metrics to assess the company's ability to manage its short-term obligations effectively.
Peer comparison
Jun 30, 2024