Fox Corp Class B (FOX)
Interest coverage
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 389,000 | 2,071,000 | 2,043,000 | 3,262,000 | 1,770,000 |
| Interest expense | US$ in thousands | 216,000 | 349,000 | 377,000 | 395,000 | 369,000 |
| Interest coverage | 1.80 | 5.93 | 5.42 | 8.26 | 4.80 |
June 30, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $389,000K ÷ $216,000K
= 1.80
The interest coverage ratio for Fox Corp Class B has exhibited some fluctuations over the past five years, ranging from a low of 1.80 in June 2024 to a high of 8.26 in June 2021. A lower interest coverage ratio indicates that the company may have difficulty meeting its interest obligations with its operating income. In contrast, a higher ratio suggests the company has more than enough earnings to cover its interest expenses comfortably. It is important to note that the interest coverage ratio can be influenced by various factors, such as changes in interest rates, operating income, and debt levels. Overall, the trend in Fox Corp Class B's interest coverage ratio indicates some variability in its ability to cover interest payments with operating earnings over the past five years.
Peer comparison
Jun 30, 2024