Fox Corp Class B (FOX)

Quick ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cash	US$ in thousands	5,351,000	4,319,000	4,272,000	5,200,000	5,886,000
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	2,472,000	2,364,000	2,177,000	2,128,000	2,029,000
Total current liabilities	US$ in thousands	2,897,000	2,952,000	3,763,000	2,296,000	3,002,000
Quick ratio		2.70	2.26	1.71	3.19	2.64

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,351,000K + $—K + $2,472,000K) ÷ $2,897,000K
= 2.70

The quick ratio of Fox Corp Class B has exhibited notable variations over the period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the ratio stood at 2.64, indicating that the company's short-term liquid assets were more than twice its current liabilities, reflecting a robust liquidity position. This ratio increased significantly to 3.19 by June 30, 2022, further strengthening the company's short-term liquidity cushion.

However, a decline in the quick ratio occurred subsequent to this peak, with the figure decreasing to 1.71 announced on June 30, 2023. This reduction indicates a diminished capacity to meet immediate liabilities solely through liquid assets, which may suggest an increased reliance on other current assets or a higher level of short-term obligations. Despite this decline, the ratio remained comfortably above the generally accepted benchmark of 1.0, implying that the company retained a sufficient liquidity buffer at this point.

The ratio improved again to 2.26 as of June 30, 2024, demonstrating a strengthening of liquid assets relative to current liabilities. This improvement could reflect effective liquidity management, asset reallocation, or a reduction in short-term liabilities. Furthermore, projections indicate that the ratio continued an upward trajectory to 2.70 by June 30, 2025. This upward trend suggests an ongoing enhancement in liquidity management and the company's capacity to promptly meet its short-term financial obligations.

Overall, the Fox Corp Class B quick ratio has shown initial growth, a subsequent decline, and then a recovery, culminating in a healthy liquidity position by mid-2025. The fluctuations indicate periods of strategic asset management and liability handling, with the most recent ratios underscoring the company's maintained ability to cover short-term liabilities with liquid assets. It reflects prudent liquidity management, although the dip in 2023 warrants attention for potential underlying factors influencing liquidity levels.