Fox Corp Class B (FOX)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	10,714,000	10,378,000	11,339,000	11,123,000	10,094,000
Debt-to-capital ratio		0.38	0.36	0.39	0.39	0.44

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,598,000K ÷ ($6,598,000K + $10,714,000K)
= 0.38

The trend of Fox Corp Class B's debt-to-capital ratio over the past five years indicates fluctuations but generally maintained a moderate level. As of June 30, 2024, the ratio stands at 0.38, slightly higher than the previous year's 0.36. This suggests that 38% of the company's capital is financed through debt, while the remaining 62% is from equity.

Comparing this ratio to the data from the prior years, we observe some variability within a narrow range. In 2022 and 2021, the ratios were 0.39, showing stability in the company's debt and capital structure during those years. However, there was a notable decrease from 0.44 in 2020 to 0.39 in 2021, indicating a reduction in the proportion of debt relative to capital in that period.

Overall, Fox Corp Class B's debt-to-capital ratio has stayed relatively consistent over the past five years, indicating a balanced mix of debt and equity in the company's financing. The slight fluctuations suggest that the company has managed its capital structure effectively, but continual monitoring is advisable to ensure financial stability and optimal leverage levels.