Fox Corp Class B (FOX)

Debt-to-assets 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
Long-term debt	US$ in thousands	6,598,000	7,196,000	7,195,000	5,962,000	5,961,000	5,961,000	7,208,000	7,207,000	7,206,000	7,205,000	7,204,000	7,203,000	7,202,000	7,201,000	7,949,000	7,947,000	7,946,000	6,754,000	6,753,000	6,752,000
Total assets	US$ in thousands	21,972,000	21,717,000	22,846,000	21,649,000	21,866,000	22,396,000	23,126,000	22,424,000	22,185,000	22,016,000	22,878,000	23,161,000	22,926,000	22,907,000	22,754,000	22,497,000	21,750,000	20,237,000	20,450,000	20,534,000
Debt-to-assets ratio		0.30	0.33	0.31	0.28	0.27	0.27	0.31	0.32	0.32	0.33	0.31	0.31	0.31	0.31	0.35	0.35	0.37	0.33	0.33	0.33

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 for Fox Corp Class B has exhibited some fluctuation over the past few 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 decrease from the previous quarter's ratio of 0.33.

Looking at the historical trend, the ratio has ranged from 0.27 to 0.37 over the past two years, with some minor variations. The company seems to generally maintain a moderate level of debt in relation to its total assets, showing a prudent approach to managing its financial leverage.

Overall, the debt-to-assets ratio for Fox Corp Class B suggests a relatively stable and balanced capital structure, with a consistent effort to keep debt levels in check while effectively utilizing assets to generate revenue.