Fox Corp Class B (FOX)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,850,000 | 2,962,000 | 3,454,000 | 3,072,000 | 2,509,000 | 2,554,000 | 1,529,000 | 1,805,000 | 2,085,000 | 2,032,000 | 2,478,000 | 1,954,000 | 2,071,000 | 1,988,000 | 2,383,000 | 2,784,000 | 3,313,000 | 3,157,000 | 2,515,000 | 2,621,000 |
| Interest expense (ttm) | US$ in thousands | 355,000 | 409,000 | 414,000 | 416,000 | 405,000 | 396,000 | 383,000 | 353,000 | 349,000 | 348,000 | 353,000 | 361,000 | 371,000 | 384,000 | 391,000 | 393,000 | 395,000 | 396,000 | 387,000 | 378,000 |
| Interest coverage | 8.03 | 7.24 | 8.34 | 7.38 | 6.20 | 6.45 | 3.99 | 5.11 | 5.97 | 5.84 | 7.02 | 5.41 | 5.58 | 5.18 | 6.09 | 7.08 | 8.39 | 7.97 | 6.50 | 6.93 |
June 30, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $2,850,000K ÷ $355,000K
= 8.03
The interest coverage ratios for Fox Corp Class B over the analyzed period exhibit fluctuations but generally demonstrate a robust ability to meet interest obligations. Starting at 6.93 times on September 30, 2020, the ratio experienced a slight decline to 6.50 by December 31, 2020, followed by a notable increase to 7.97 on March 31, 2021, and further to 8.39 on June 30, 2021. During this period, the company maintained a solid capacity to cover its interest expenses.
Subsequently, the ratio declined to 7.08 on September 30, 2021, and decreased further to 6.09 at year-end 2021. The downward trend intensified in 2022, reaching a low of 5.18 on March 31, 2022, before improving slightly to 5.58 on June 30, 2022, and stabilizing around 5.41 on September 30, 2022. Mid-2023, the ratio saw some recovery, rising to 7.02 by December 31, 2022, and maintaining levels above 5.8 through March and June 2023.
However, a decline reemerged by September 30, 2023, with the ratio falling to 5.11, and it further decreased to 3.99 by December 31, 2023. From this point onwards, the ratio demonstrates an upward trend, climbing to 6.45 on March 31, 2024, and remaining above 6.1 in the subsequent quarters, reaching 8.34 by December 31, 2024, and maintaining above 7.2 through mid-2025.
Overall, the interest coverage ratios indicate that Fox Corp Class B has maintained a generally favorable capacity to service its interest obligations throughout the period, with some periods of weakening performance, especially noticeable in late 2023. Despite these fluctuations, the ratios remain within a range that suggests a stable financial position relative to interest expenses, barring the decline observed at the end of 2023.
Peer comparison
Jun 30, 2025