Fox Corp Class B (FOX)

Debt-to-assets ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Long-term debt	US$ in thousands	6,598,000	5,961,000	7,206,000	7,202,000	7,946,000
Total assets	US$ in thousands	21,972,000	21,866,000	22,185,000	22,926,000	21,750,000
Debt-to-assets ratio		0.30	0.27	0.32	0.31	0.37

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,598,000K ÷ $21,972,000K
= 0.30

The debt-to-assets ratio of Fox Corp Class B has shown some fluctuation over the past five years. As of June 30, 2024, the ratio stands at 0.30, indicating that 30% of the company's assets are financed through debt. This represents a slight increase from the previous year where the ratio was 0.27.

In the earlier years, the trend was slightly higher, with ratios of 0.32 in 2022, 0.31 in 2021, and 0.37 in 2020. The decreasing trend from 2020 to 2023 suggests that Fox Corp has been effectively managing its debt levels in relation to its asset base.

Overall, the current ratio of 0.30 indicates that Fox Corp Class B has a moderate level of debt in its capital structure, implying that a significant portion of its assets are funded by equity. This could imply a lower financial risk compared to companies with higher debt-to-assets ratios. It will be important for the company to continue monitoring and managing its debt levels to maintain a healthy balance between debt and assets.