Fox Corp Class A (FOXA)
Debt-to-equity ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,598,000 | 5,961,000 | 7,206,000 | 7,202,000 | 7,946,000 |
| Total stockholders’ equity | US$ in thousands | 10,714,000 | 10,378,000 | 11,339,000 | 11,123,000 | 10,094,000 |
| Debt-to-equity ratio | 0.62 | 0.57 | 0.64 | 0.65 | 0.79 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,598,000K ÷ $10,714,000K
= 0.62
The debt-to-equity ratio of Fox Corp Class A has fluctuated over the past five years, with values of 0.62, 0.57, 0.64, 0.65, and 0.79 reported for the fiscal years ending on June 30, 2024, 2023, 2022, 2021, and 2020 respectively.
The decreasing trend in the debt-to-equity ratio from 0.79 in 2020 to 0.62 in 2024 may indicate that Fox Corp Class A has been relying less on debt financing relative to equity financing over the years.
A lower debt-to-equity ratio suggests that the company has a lower level of financial risk and may be in a better position to meet its debt obligations using its equity. It also indicates a stronger financial position, as higher equity funding can provide a cushion against financial difficulties.
Overall, the decreasing trend in the debt-to-equity ratio for Fox Corp Class A suggests a more conservative capital structure and improved financial stability over the years. However, it is important to consider other financial metrics and factors in conjunction with the debt-to-equity ratio to gain a comprehensive understanding of the company's financial health and risk profile.
Peer comparison
Jun 30, 2024