Fox Corp Class A (FOXA)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,501,000 | 7,257,000 | 8,281,000 | 8,749,000 | 7,486,000 |
| Total current liabilities | US$ in thousands | 2,952,000 | 3,763,000 | 2,296,000 | 3,002,000 | 1,906,000 |
| Current ratio | 2.54 | 1.93 | 3.61 | 2.91 | 3.93 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,501,000K ÷ $2,952,000K
= 2.54
The current ratio of Fox Corp Class A has fluctuated over the past five years, indicating variations in the company's short-term liquidity position. As of June 30, 2024, the current ratio stood at 2.54, showing an improvement compared to the previous year. This suggests that the company's current assets are 2.54 times greater than its current liabilities, indicating a stronger ability to meet its short-term obligations.
In the preceding years, the current ratio ranged from 1.93 to 3.93, displaying some volatility. A higher current ratio, such as in 2020 and 2022, signifies a healthier liquidity position, while a lower ratio, as seen in 2021 and 2023, suggests a potentially tighter liquidity situation.
Overall, analyzing the current ratio trend of Fox Corp Class A can provide insights into its short-term financial health, highlighting fluctuations in liquidity and the ability to cover immediate liabilities with current assets.
Peer comparison
Jun 30, 2024