Fox Corp Class A (FOXA)
Current ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,501,000 | 7,178,000 | 8,501,000 | 7,239,000 | 7,257,000 | 7,723,000 | 8,571,000 | 8,495,000 | 8,281,000 | 7,916,000 | 8,514,000 | 8,875,000 | 8,749,000 | 8,694,000 | 8,440,000 | 8,463,000 | 7,486,000 | 6,744,000 | 6,398,000 | 7,049,000 |
| Total current liabilities | US$ in thousands | 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 | 1,906,000 | 1,780,000 | 1,816,000 | 1,890,000 |
| Current ratio | 2.54 | 3.24 | 2.29 | 2.02 | 1.93 | 1.75 | 3.37 | 3.60 | 3.61 | 3.73 | 2.97 | 3.09 | 2.91 | 2.91 | 3.81 | 4.21 | 3.93 | 3.79 | 3.52 | 3.73 |
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 shown fluctuations over the past few quarters. The current ratio has ranged from a low of 1.75 in March 2023 to a high of 4.21 in September 2020.
The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to cover current liabilities.
In recent quarters, the current ratio has generally been above 2, indicating that Fox Corp Class A has had a relatively healthy liquidity position. The current ratio peaked at 4.21 in September 2020, indicating a strong ability to cover short-term obligations.
However, there have been instances where the current ratio dipped below 2, such as in March 2023 at 1.75. This could suggest potential concerns about the company's ability to cover its short-term debts with its short-term assets during that period.
Overall, while there have been fluctuations, Fox Corp Class A has generally maintained a current ratio above 2, indicating a reasonable ability to meet its short-term obligations with current assets. Investors and stakeholders should continue to monitor the company's current ratio to assess its liquidity position in the future.
Peer comparison
Jun 30, 2024