Fox Corp Class A (FOXA)

The solvency ratios for Fox Corp Class A over the period from June 30, 2021, to June 30, 2025, indicate a consistent absence of debt, as evidenced by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all remaining at zero throughout this timeframe. This suggests that the company has not employed leverage through debt financing during these years, relying solely on equity or internal funding sources to finance its operations and investments.

In contrast, the financial leverage ratio, which measures the degree of financial leverage associated with the company's equity, has exhibited a stable pattern, fluctuating modestly from 2.06 in 2021 to a low of 1.94 in 2025. This ratio implies that the company's capital structure maintains a consistent leverage level, potentially reflecting the use of internal resources rather than external debt to support its assets and operations.

Overall, the data portray Fox Corp Class A as a company with a conservative capital structure characterized by a complete lack of debt, maintaining stable leverage levels that suggest a focus on equity financing, risk mitigation, and financial stability.

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Coverage ratios

The interest coverage ratio for Fox Corp Class A has demonstrated variations over the observed period from June 30, 2021, through June 30, 2025. As of June 30, 2021, the ratio stood at 8.39, indicating a strong ability to cover interest obligations with earnings before interest and taxes (EBIT). By June 30, 2022, the ratio had declined to 5.49, suggesting a decrease in the company's capacity to service its interest expenses relative to its earnings. The ratio experienced a slight increase to 5.97 by June 30, 2023, reflecting some recovery or stabilization in earnings coverage. Continuing this trend, the ratio further improved marginally to 6.20 as of June 30, 2024, indicating an ongoing, albeit modest, enhancement in interest coverage. However, by June 30, 2025, the ratio decreased again to 5.59, signifying a slight compression in the company's ability to meet interest obligations from its earnings. Overall, while the company's interest coverage remains comfortably above typical concern thresholds (such as ratios below 2 or 3), the recent trend indicates fluctuations that warrant ongoing monitoring to assess the firm's capacity to sustain interest payments amidst potential earnings variability.