Fox Corp Class B (FOX)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,501,000 | 7,257,000 | 8,281,000 | 8,749,000 | 7,486,000 |
| Total current liabilities | US$ in thousands | 2,952,000 | 3,763,000 | 2,296,000 | 3,002,000 | 1,906,000 |
| Current ratio | 2.54 | 1.93 | 3.61 | 2.91 | 3.93 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,501,000K ÷ $2,952,000K
= 2.54
The current ratio of Fox Corp Class B has exhibited fluctuations over the past five years. As of June 30, 2024, the current ratio stands at 2.54, reflecting an increase from the previous year. This indicates that the company's current assets are 2.54 times its current liabilities, suggesting a healthy liquidity position to meet its short-term obligations.
Comparing to historical data, the current ratio has varied significantly, with the highest ratio of 3.93 recorded in 2020 and the lowest at 1.93 in 2023. The trend shows some volatility in the company's liquidity position over the years, which could be influenced by changes in the composition of current assets and liabilities.
Overall, a current ratio above 1 indicates that Fox Corp Class B has more current assets than current liabilities, providing a cushion to cover short-term financial responsibilities. However, further analysis and monitoring of this ratio over time are necessary to assess the company's ongoing ability to manage its short-term obligations effectively.
Peer comparison
Jun 30, 2024