Fox Corp Class A (FOXA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,598,000 | 7,196,000 | 7,195,000 | 5,962,000 | 5,961,000 | 5,961,000 | 7,208,000 | 7,207,000 | 7,206,000 | 7,205,000 | 7,204,000 | 7,203,000 | 7,202,000 | 7,201,000 | 7,949,000 | 7,947,000 | 7,946,000 | 6,754,000 | 6,753,000 | 6,752,000 |
| Total assets | US$ in thousands | 21,972,000 | 21,717,000 | 22,846,000 | 21,649,000 | 21,866,000 | 22,396,000 | 23,126,000 | 22,424,000 | 22,185,000 | 22,016,000 | 22,878,000 | 23,161,000 | 22,926,000 | 22,907,000 | 22,754,000 | 22,497,000 | 21,750,000 | 20,237,000 | 20,450,000 | 20,534,000 |
| Debt-to-assets ratio | 0.30 | 0.33 | 0.31 | 0.28 | 0.27 | 0.27 | 0.31 | 0.32 | 0.32 | 0.33 | 0.31 | 0.31 | 0.31 | 0.31 | 0.35 | 0.35 | 0.37 | 0.33 | 0.33 | 0.33 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,598,000K ÷ $21,972,000K
= 0.30
The debt-to-assets ratio for Fox Corp Class A has been relatively stable over the past several quarters, ranging between 0.27 and 0.37. This ratio indicates the proportion of the company's assets financed by debt, with lower ratios generally considered more favorable as they suggest lower financial risk.
The trend over the periods shows that Fox Corp's reliance on debt to finance its assets has not varied significantly. The ratio peaked at 0.37 in the fourth quarter of 2020 but has since trended downwards, settling at 0.30 for the most recent quarter ending June 30, 2024.
Overall, the company has maintained a moderate level of debt relative to its total assets, suggesting a balanced approach to capital structure management. Investors and analysts typically monitor changes in the debt-to-assets ratio to assess the company's solvency and financial health.
Peer comparison
Jun 30, 2024