Fox Corp Class B (FOX)

Debt-to-capital ratio

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	11,962,000	11,526,000	11,495,000	11,276,000	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
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

June 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $11,962,000K)
= 0.00

The debt-to-capital ratio for Fox Corp Class B has consistently been reported as zero across all observed periods from September 30, 2020, through June 30, 2025. This indicates that, during this timeframe, the company has not reported any long-term debt or borrowings relative to its total capital structure. Such a stable and zero measure suggests that Fox Corp Class B maintains a debt-free capital structure, relying solely on equity to finance its operations and investments without leveraging debt. This positioning reflects a conservative financial approach, emphasizing reliance on internal funding sources and minimizing financial risk associated with leverage. Overall, the data demonstrates that at all points in the provided period, the company has not engaged in debt issuance or maintained debt levels that would impact its debt-to-capital ratio.