Fox Corp Class A (FOXA)
Debt-to-equity 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-equity ratio | 0.62 | 0.68 | 0.70 | 0.57 | 0.57 | 0.59 | 0.62 | 0.63 | 0.64 | 0.64 | 0.64 | 0.63 | 0.65 | 0.65 | 0.73 | 0.74 | 0.79 | 0.67 | 0.65 | 0.65 |
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 exhibited some fluctuation over the past several quarters. The ratio has been relatively stable around the range of 0.60 to 0.70, indicating that the company has been using a combination of debt and equity to finance its operations and investments.
A debt-to-equity ratio of 0.62 as of June 30, 2024, suggests that Fox Corp Class A has a higher proportion of debt relative to equity in its capital structure. While the ratio has decreased slightly from the previous quarter, it remains within a moderate range compared to historical data.
Overall, the trend in the debt-to-equity ratio indicates that Fox Corp Class A has been managing its debt levels effectively, balancing the use of debt with equity to fund its activities. Investors and stakeholders may look at this ratio as a measure of the company's financial leverage and risk profile, with lower ratios typically indicating a more conservative financial position.
Peer comparison
Jun 30, 2024