Fox Corp Class A (FOXA)

Cash ratio

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
Cash and cash equivalents US$ in thousands 5,351,000 4,815,000 3,322,000 4,052,000 4,319,000 3,791,000 4,122,000 3,829,000 4,272,000 4,146,000 4,058,000 4,950,000 5,200,000 4,634,000 4,255,000 5,411,000 5,886,000 5,765,000 4,502,000 5,061,000
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 2,897,000 3,567,000 3,297,000 3,005,000 2,952,000 2,217,000 3,707,000 3,589,000 3,763,000 4,402,000 2,543,000 2,362,000 2,296,000 2,121,000 2,870,000 2,869,000 3,002,000 2,985,000 2,213,000 2,012,000
Cash ratio 1.85 1.35 1.01 1.35 1.46 1.71 1.11 1.07 1.14 0.94 1.60 2.10 2.26 2.18 1.48 1.89 1.96 1.93 2.03 2.52

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 of Fox Corp Class A indicates the company's capacity to meet its short-term liabilities using its most liquid assets—cash and cash equivalents—over a series of reporting periods. The data from September 2020 through June 2025 reveals notable fluctuations and trends.

Between September 2020 and September 2021, the cash ratio experienced a gradual decline from 2.52 to a low of 1.89. This period reflects a decreasing but consistently solid liquidity position, with the company maintaining more than twice its current liabilities in cash or cash equivalents as of September 2020. The ratio stabilized around the 1.89–2.26 range during this span, indicating a comfortable liquidity cushion.

A significant change occurred at the end of 2021, where the ratio dropped sharply to 1.48 in December 2021. This reduction suggests a possible reduction in cash holdings relative to short-term obligations or an increase in current liabilities, which slightly diminished the liquidity buffer.

In 2022, the cash ratio showed some recovery, reaching 2.18 in March and peaking at 2.26 in June, before declining again to 2.10 in September. The end of 2022 presented a lower figure at 1.60, indicating that while the company maintained a strong liquidity position, there was a downward trend from earlier peaks.

The subsequent periods, especially March 2023 onwards, depict a notable decline in the cash ratio, falling below 1.00 in March 2023 to 0.94—indicating that cash and cash equivalents covered less than the company's current liabilities at that point. This was followed by a modest recovery to 1.14 in June 2023 and slightly at 1.07 in September 2023.

From December 2023 through June 2025, the ratio exhibits moderate variation within a range of approximately 1.01 to 1.85. The highest value in this period appears in June 2025 at 1.85, suggesting an improvement in liquidity relative to short-term liabilities, whereas the lowest remains near 1.01 in December 2024, approaching a more limited cash buffer.

Overall, the cash ratio trend indicates periods of strong liquidity interspersed with phases of relative decline, notably in early 2023. The fluctuations suggest that Fox Corp Class A has maintained generally adequate liquidity coverage over the years, with recent ratios still hovering around the 1.0 to 1.8 range, consistent with a cautious but capable liquidity position.


Peer comparison

Jun 30, 2025