Fox Corp Class B (FOX)

Liquidity ratios

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
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
Quick ratio 2.53 2.83 1.92 1.74 1.95 1.56 2.78 3.06 3.38 3.29 2.51 2.65 2.90 2.96 3.69 3.83 3.71 3.32 3.21 3.31
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

Fox Corp Class B has shown fluctuations in its liquidity ratios over the past few quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has shown a general upward trend since the end of 2021, indicating an improving liquidity position. The current ratio ranged from 1.93 to 3.73 during this period.

In terms of the quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, Fox Corp Class B also exhibited variability but generally maintained a healthy level of liquidity. The quick ratio ranged from 1.56 to 3.83, reflecting the company's ability to meet its short-term obligations without relying on inventory sales.

The cash ratio, which concentrates solely on the most liquid assets like cash and equivalents, portrayed a similar pattern of fluctuations but demonstrated a consistent ability to cover short-term liabilities with cash on hand. The cash ratio ranged from 0.94 to 2.83 over the analyzed period.

Overall, Fox Corp Class B's liquidity ratios suggest that the company has managed its short-term financial obligations effectively, with improvements in liquidity seen in recent quarters. However, continuous monitoring of liquidity ratios is important to ensure the company remains financially stable and capable of meeting its obligations in a timely manner.

See also:

Fox Corp Class B Liquidity Ratios (Quarterly Data)

Additional liquidity measure

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 conversion cycle days 155.84 160.85 224.39 164.50 130.37 138.16 271.83 217.88 182.05 190.17 271.41 254.02 181.59 190.75 269.39 297.89 223.81 254.25 392.47 376.20

The cash conversion cycle for Fox Corp Class B has fluctuated over the past few quarters, indicating varying efficiency in managing its cash flow and working capital.

In the most recent quarter, ending on June 30, 2024, the company's cash conversion cycle was 155.84 days, showing an improvement compared to the previous quarter's 160.85 days. This indicates that Fox Corp Class B was able to convert its investments in inventory back to cash at a faster rate.

However, looking back over the past several quarters, the company's cash conversion cycle has shown significant volatility. For instance, the cycle was at its lowest at 130.37 days in the quarter ended on June 30, 2023, and at its highest at 392.47 days in the quarter ended on December 31, 2019.

The trend in the cash conversion cycle suggests that Fox Corp Class B may face challenges in efficiently managing its working capital, inventory turnover, and accounts receivable collection processes. It would be crucial for the company to closely monitor and improve these areas to enhance its cash flow and overall financial performance.