Fox Corp Class B (FOX)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	10,714,000	10,554,000	10,252,000	10,384,000	10,378,000	10,185,000	11,607,000	11,521,000	11,339,000	11,200,000	11,275,000	11,430,000	11,123,000	11,081,000	10,917,000	10,791,000	10,094,000	10,114,000	10,334,000	10,320,000
Debt-to-capital ratio		0.38	0.41	0.41	0.36	0.36	0.37	0.38	0.38	0.39	0.39	0.39	0.39	0.39	0.39	0.42	0.42	0.44	0.40	0.40	0.40

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 debt-to-capital ratio of Fox Corp Class B has shown some fluctuations over the past few quarters. The ratio stood at 0.38 as of June 30, 2024, compared to 0.41 in the previous quarter and 0.36 in the same period last year. This indicates that the company's debt as a proportion of its total capital has slightly decreased, suggesting a potentially improved financial position in terms of leverage.

Despite some variations, the debt-to-capital ratio has generally remained within a narrow range between 0.36 and 0.42 over the past few quarters. This range indicates that Fox Corp Class B has maintained a moderate level of debt relative to its total capital structure during this period. The stability in the ratio may suggest a consistent approach to managing the company's capital structure and debt obligations.

It is important to continue monitoring the debt-to-capital ratio in future periods to assess any potential shifts in the company's capital structure and leverage position. Additionally, comparing this ratio with industry benchmarks and peers can provide further insights into Fox Corp Class B's financial health and performance.