Fox Corp Class B (FOX)

Debt-to-equity 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-equity ratio		0.62	0.68	0.70	0.57	0.57	0.59	0.62	0.63	0.64	0.64	0.64	0.63	0.65	0.65	0.73	0.74	0.79	0.67	0.65	0.65

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,598,000K ÷ $10,714,000K
= 0.62

The debt-to-equity ratio of Fox Corp Class B has shown slight fluctuations over the past two years. It ranged between 0.57 and 0.79, indicating that the company's debt levels relative to its equity have been moderate to high during this period. The trend suggests that Fox Corp Class B has been utilizing a significant amount of debt to finance its operations and investments compared to its equity capital.

The ratio has generally stayed above 0.60, which indicates that the company has been relying more on debt financing than equity financing. This can increase financial risk as higher debt levels may lead to increased interest payments and potential liquidity challenges in adverse economic conditions.

It is crucial for investors and stakeholders to closely monitor Fox Corp Class B's debt levels and overall financial health to ensure the company can meet its debt obligations and sustain its operations effectively in the long run.