Fox Corp Class B (FOX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 1.94 | 2.03 | 2.00 | 2.00 | 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 |
The solvency ratios for Fox Corp Class B, based on the provided data, indicate a notably conservative financial structure over the analyzed period. The Debt-to-assets ratio consistently remains at 0.00 from September 30, 2020, through June 30, 2025, suggesting the company has not relied on debt financing in its asset base during this timeframe. Similarly, the Debt-to-capital and Debt-to-equity ratios are also recorded at 0.00 across all reporting dates, reinforcing the inference of negligible or no use of external debt.
The absence of debt obligations implies that Fox Corp Class B maintains a largely equity-funded capital structure, emphasizing financial independence and a strong solvency position. This scenario minimizes leverage risk, as there are no liabilities offsetting the company’s assets or equity base.
Conversely, the Financial Leverage Ratio, which measures the degree of financial leverage, consistently exceeds 1.9 throughout the period, ranging from 1.94 to 2.23. This suggests that, despite the absence of recorded debt, the company's capital structure or accounting practices result in a leverage effect equivalent to having nearly double the amount of assets relative to equity. This discrepancy may be attributed to operational or accounting factors rather than actual leverage.
Overall, Fox Corp Class B exhibits an extremely conservative and low-leverage capital structure, characterized by zero reported debt and high financial leverage ratios. This profile indicates a low solvency risk profile but also suggests limited utilization of debt financing, which could impact the company's growth strategies and financial flexibility in the context of leveraging capital for expansion.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
The interest coverage ratio for Fox Corp Class B exhibits fluctuations over the analyzed period. Initially, in September 2020, the ratio stood at 6.93, indicating that earnings before interest and taxes (EBIT) were approximately 6.93 times the company’s interest expenses. This positive trend continued into the end of 2020, with the ratio decreasing slightly to 6.50 by December 2020.
Throughout 2021, the ratio demonstrated variability, reaching a peak of 8.39 in June 2021, suggesting improved ability to meet interest obligations, before declining to 7.08 in September 2021 and further decreasing to 6.09 at year's end. The first quarter of 2022 saw a more notable decline to 5.18, with a modest recovery to 5.58 in June 2022 and a marginal decrease to 5.41 in September 2022. The beginning of 2023 marked a rebound to 7.02 by December 2022 and subsequent ratios of 5.84 and 5.97 in March and June 2023, respectively.
However, by September 2023, the ratio declined again to 5.11, and further downward to 3.99 by December 2023, indicating a reduced margin of EBIT to interest expenses and implying increased financial strain. This decline is partially offset in the following quarters, with ratios rising to 6.45 in March 2024, 6.20 in June 2024, and reaching 7.38 in September 2024. The ratios continue to improve into the latter half of 2024 and early 2025, with values of 8.34 in December 2024, followed by 7.24 and 8.03 in March and June 2025, respectively.
Overall, the data reflects periods of both strengthening and weakening of Fox Corp's ability to cover its interest expenses, with notable dips around the end of 2023, potentially indicating increased interest burdens or decreased earnings, followed by signs of recovery in mid-2024 and into 2025.