Fox Corp Class B (FOX)
Solvency ratios
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.94 | 2.05 | 2.11 | 1.96 | 2.06 |
The analysis of Fox Corp Class B’s solvency ratios over the period from June 30, 2021, to June 30, 2025, indicates a consistent pattern characterized by negligible or zero levels of debt relative to assets, capital, and equity. Specifically, the Debt-to-Assets Ratio, Debt-to-Capital Ratio, and Debt-to-Equity Ratio are uniformly recorded at 0.00 across all listed years, suggesting that the company has not engaged in issuing significant debt during this period and operates primarily without leverage from external debt sources.
In contrast, the Financial Leverage Ratio exhibits a more variable trend, with values ranging from 1.94 to 2.11. These ratios show that, despite the absence of reported debt, the company's financial structure involves a degree of leverage, potentially attributable to the use of other forms of financing, such as preferred stock or internal funds, that influence its leverage ratio. The decline from 2.11 in 2023 to 1.94 in 2025 indicates a slight reduction in leverage, possibly reflecting conservative financial policies or changing capital structure.
Overall, the data suggests that Fox Corp Class B maintains a very low or negligible debt profile, relying minimally on external debt financing, which results in high solvency and financial stability. The modest variation in the Financial Leverage Ratio indicates some fluctuations in the company's overall leverage, but its core measures reveal a conservative approach to leveraging the company's assets.
Coverage ratios
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | |
|---|---|---|---|---|---|
| Interest coverage | 5.59 | 6.20 | 5.97 | 5.49 | 8.39 |
The interest coverage ratio for Fox Corp Class B has exhibited fluctuations over the specified period, reflecting changes in the company's ability to service its interest obligations with its earnings before interest and taxes (EBIT). As of June 30, 2021, the ratio stood at 8.39, indicating a strong capacity to meet interest payments comfortably. This ratio declined significantly in the subsequent year, decreasing to 5.49 by June 30, 2022, which suggests a reduction in earnings relative to interest expenses, although the coverage remained within a healthy range. The ratio experienced a modest increase to 5.97 in 2023, indicating some improvement in EBIT relative to interest costs. Projected values for the following years show a continued, albeit fluctuating trend: an increase to 6.20 in 2024, implying a slight strengthening in interest coverage, followed by a decrease to 5.59 in 2025, reflecting a potential easing of the company's ability to cover interest expenses solely from operational earnings. Overall, while there are observable variances, the interest coverage ratios remain generally above a level that would typically signal immediate concern regarding debt servicing capacity, although the downward trend between 2021 and 2022 warrants close attention to earnings stability in future periods.