Fox Corp Class B (FOX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.05 | 2.06 | 2.23 | 2.08 | 2.11 | 2.20 | 1.99 | 1.95 | 1.96 | 1.97 | 2.03 | 2.03 | 2.06 | 2.07 | 2.08 | 2.08 | 2.15 | 2.00 | 1.98 | 1.99 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $21,972,000K ÷ $10,714,000K
= 2.05
The financial leverage ratio of Fox Corp Class B has varied over the past 8 quarters, ranging from 1.95 to 2.23. The ratio indicates that, on average, the company has been using leverage to finance its operations and investments at a moderate level. A financial leverage ratio above 1 suggests that the company has more debt than equity in its capital structure.
In the recent quarters, the financial leverage ratio has been relatively stable, hovering around 2. This indicates that Fox Corp Class B has maintained a consistent level of leverage in its capital structure. A higher leverage ratio implies higher financial risk and potential for higher returns for shareholders, but it also increases the company's vulnerability to economic downturns and interest rate fluctuations.
Overall, it is important for investors and analysts to closely monitor Fox Corp Class B's financial leverage ratio along with its other financial metrics to assess the company's risk profile and financial health.
Peer comparison
Jun 30, 2024