Fox Corp Class A (FOXA)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,319,000 | 4,272,000 | 5,200,000 | 5,886,000 | 4,645,000 |
| Short-term investments | US$ in thousands | 797,000 | 884,000 | 435,000 | 788,000 | 531,000 |
| Receivables | US$ in thousands | 2,364,000 | 2,177,000 | 2,128,000 | 2,029,000 | 1,888,000 |
| Total current liabilities | US$ in thousands | 2,952,000 | 3,763,000 | 2,296,000 | 3,002,000 | 1,906,000 |
| Quick ratio | 2.53 | 1.95 | 3.38 | 2.90 | 3.71 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,319,000K
+ $797,000K
+ $2,364,000K)
÷ $2,952,000K
= 2.53
The quick ratio for Fox Corp Class A has fluctuated over the past five years. In the most recent fiscal year ending June 30, 2024, the quick ratio stood at 2.53, indicating that the company had $2.53 in liquid assets available to cover each dollar of current liabilities. This represents an improvement compared to the previous year, where the quick ratio was 1.95.
Looking further back, the quick ratio was 3.38 in 2022, 2.90 in 2021, and 3.71 in 2020. These values show a general trend of sufficient liquidity in the company's assets to meet its short-term obligations over the years.
Overall, the variability in Fox Corp Class A's quick ratio suggests potential fluctuations in its liquidity position. It is important for investors and stakeholders to monitor this ratio closely to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Jun 30, 2024