Fox Corp Class A (FOXA)

Quick 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 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
Receivables US$ in thousands 2,472,000 3,252,000 3,492,000 2,687,000 2,364,000 2,481,000 3,001,000 2,420,000 2,177,000 2,741,000 3,004,000 2,268,000 2,128,000 2,338,000 2,952,000 2,192,000 2,029,000 2,153,000 2,776,000 1,997,000
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
Quick ratio 2.70 2.26 2.07 2.24 2.26 2.83 1.92 1.74 1.71 1.56 2.78 3.06 3.19 3.29 2.51 2.65 2.64 2.65 3.29 3.51

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,351,000K + $—K + $2,472,000K) ÷ $2,897,000K
= 2.70

The quick ratio of Fox Corp Class A exhibited notable fluctuations over the analyzed period from September 30, 2020, to June 30, 2025. Initially, the ratio was relatively high at 3.51 in September 2020, indicating a strong short-term liquidity position with ample liquid assets to cover current liabilities. Throughout 2020 and 2021, the ratio experienced a gradual decline, reaching approximately 2.65 by March 2021 and maintaining a generally stable level around 2.5 to 2.65 through December 2021. This stability suggests consistent liquidity with slightly decreased buffer margins over this period.

In 2022, the ratio remained relatively stable, with values fluctuating between 3.29 in March and 2.78 in December, reflecting ongoing liquidity adequacy. However, a notable decline was observed in 2023, with the ratio dropping sharply to 1.56 in March 2023, which indicates increased reliance on less liquid assets relative to current liabilities and suggests a potential tightening of liquidity position. The ratio subsequently improved to 1.71 in June and 1.74 in September 2023, and further increased to 1.92 by December 2023, indicating a recovery in short-term liquidity.

In the subsequent quarters of 2024, the ratio demonstrated moderate fluctuation, with values of 2.83 in March, decreasing to 2.26 in June, and slightly declining to 2.24 in September, followed by a stabilization at 2.07 in December. These figures imply a relatively stable liquidity profile, although somewhat lower than the earlier periods. The first half of 2025 showed a modest increase, with ratios of 2.26 in March and 2.70 in June, indicating some improvement in liquidity levels from the lows observed a year prior.

Overall, the critical observation is the significant dip in the quick ratio during early 2023, which warrants attention as it signals a period of reduced short-term liquidity margin. However, subsequent improvements suggest a partial recovery in liquidity health. The ratio generally remains well above 1 through the period, indicating that Fox Corp Class A maintained sufficient liquid assets to meet short-term obligations, albeit with some periods of decreased buffer strength.


Peer comparison

Jun 30, 2025