Fox Corp Class A (FOXA)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,351,000 | 4,319,000 | 4,272,000 | 5,200,000 | 5,886,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,897,000 | 2,952,000 | 3,763,000 | 2,296,000 | 3,002,000 |
| Cash ratio | 1.85 | 1.46 | 1.14 | 2.26 | 1.96 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,351,000K
+ $—K)
÷ $2,897,000K
= 1.85
The cash ratio for Fox Corp Class A over the specified periods indicates fluctuations in its short-term liquidity position. As of June 30, 2021, the cash ratio stood at 1.96, suggesting that the company held nearly twice its current liabilities in cash and cash equivalents, reflecting a strong liquidity buffer. In the subsequent year, June 30, 2022, the cash ratio increased to 2.26, further strengthening the company's liquidity position and indicating a conservative approach to cash holdings relative to current liabilities.
However, by June 30, 2023, the cash ratio declined to 1.14, signaling a significant decrease in liquidity relative to current liabilities, though it still remained above 1, which generally suggests that the company retained enough cash to cover its current liabilities without relying on other current assets. The ratio continued to fluctuate, increasing slightly to 1.46 by June 30, 2024, and further to 1.85 by June 30, 2025. This trend indicates a gradual improvement in liquidity after the dip observed in 2023.
Overall, the cash ratio exhibits variability over the analyzed period, with a substantial peak in 2022, followed by a decrease in 2023, and a subsequent recovery. The ratios remain above 1 throughout, which typically implies that Fox Corp Class A maintains sufficient cash and cash equivalents to meet its current liabilities, although the narrowing of the ratio in 2023 could suggest a strategic reduction in cash holdings or an increase in current liabilities. The trend suggests improvement in liquidity in recent years, approaching levels seen in 2022.
Peer comparison
Jun 30, 2025