Fox Corp Class B (FOX)

Current ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Total current assets	US$ in thousands	8,429,000	7,501,000	7,257,000	8,281,000	8,749,000
Total current liabilities	US$ in thousands	2,897,000	2,952,000	3,763,000	2,296,000	3,002,000
Current ratio		2.91	2.54	1.93	3.61	2.91

June 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $8,429,000K ÷ $2,897,000K
= 2.91

The analysis of Fox Corp Class B's current ratio over the specified periods indicates fluctuations in its short-term liquidity position. As of June 30, 2021, the current ratio stood at 2.91, suggesting a strong ability to cover current liabilities with current assets. This ratio increased significantly by June 30, 2022, reaching 3.61, which further emphasizes an improved liquidity buffer.

However, a notable decline is observed by June 30, 2023, when the current ratio decreased to 1.93. This reduction signifies a diminished margin of safety in terms of short-term liquidity and implies that current liabilities are becoming more closely matched to current assets. Despite this decline, the ratio remains above the commonly considered benchmark of 1.0, indicating that the company generally maintains adequate liquidity to meet its short-term obligations.

Subsequently, an improvement is observed as of June 30, 2024, with the current ratio increasing to 2.54. This rebound suggests a positive development in the company's ability to manage its short-term liabilities effectively. In the most recent period, June 30, 2025, the current ratio again reconstructs to 2.91, equating to the highest ratio in the analyzed timeframe and indicative of a robust liquidity position.

Overall, the company's current ratio demonstrates temporal volatility, with a significant dip in 2023 followed by stabilization and strengthening in the subsequent periods. The current ratios across the periods reflect a generally sound liquidity position, albeit with some periods of reduced buffer that warrant ongoing monitoring to ensure sustained short-term financial health.