Fox Corp Class A (FOXA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 10,714,000 | 10,554,000 | 10,252,000 | 10,384,000 | 10,378,000 | 10,185,000 | 11,607,000 | 11,521,000 | 11,339,000 | 11,200,000 | 11,275,000 | 11,430,000 | 11,123,000 | 11,081,000 | 10,917,000 | 10,791,000 | 10,094,000 | 10,114,000 | 10,334,000 | 10,320,000 |
| Debt-to-capital ratio | 0.38 | 0.41 | 0.41 | 0.36 | 0.36 | 0.37 | 0.38 | 0.38 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.42 | 0.42 | 0.44 | 0.40 | 0.40 | 0.40 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,598,000K ÷ ($6,598,000K + $10,714,000K)
= 0.38
The debt-to-capital ratio of Fox Corp Class A has shown some fluctuation over the past few quarters. The ratio has ranged from 0.36 to 0.44, with the most recent value being 0.38 as of June 30, 2024. This indicates that the company's debt level relative to its total capital has been relatively stable, hovering around the mid to high 30% range.
A lower debt-to-capital ratio suggests that the company relies less on debt financing and may have a stronger financial position in terms of solvency and stability. On the other hand, a higher ratio could indicate higher financial leverage and potential increased risk.
Overall, with the debt-to-capital ratio of Fox Corp Class A staying within a relatively narrow range over the past few quarters, it suggests a consistent approach to managing its capital structure and debt levels. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's financial health and risk profile.
Peer comparison
Jun 30, 2024