Fox Corp Class B (FOX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,501,000 | 7,178,000 | 8,501,000 | 7,239,000 | 7,257,000 | 7,723,000 | 8,571,000 | 8,495,000 | 8,281,000 | 7,916,000 | 8,514,000 | 8,875,000 | 8,749,000 | 8,694,000 | 8,440,000 | 8,463,000 | 7,486,000 | 6,744,000 | 6,398,000 | 7,049,000 |
| 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 |
| Current ratio | 2.54 | 3.24 | 2.29 | 2.02 | 1.93 | 1.75 | 3.37 | 3.60 | 3.61 | 3.73 | 2.97 | 3.09 | 2.91 | 2.91 | 3.81 | 4.21 | 3.93 | 3.79 | 3.52 | 3.73 |
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 shown fluctuations over the past several quarters. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A higher current ratio is generally preferred as it suggests a stronger ability to cover short-term liabilities.
Examining the trend, we observe that the current ratio peaked at 4.21 in September 2020 and has since fluctuated between 1.75 and 3.73. The ratio has generally remained above 2, indicating that Fox Corp Class B has had a sufficient buffer of current assets to meet its short-term liabilities.
The current ratio of 2.54 as of June 30, 2024, signifies that the company had $2.54 in current assets for every $1 in current liabilities. While this ratio has decreased from the previous quarter, it is still above 2, indicating a comfortable position in the short term.
Overall, the current ratio analysis suggests that Fox Corp Class B has maintained a healthy liquidity position over the analyzed period, with varying levels of ability to cover short-term obligations. It is essential for investors and stakeholders to continue monitoring the current ratio to assess the company's ongoing liquidity and financial health.
Peer comparison
Jun 30, 2024