Fox Corp Class A (FOXA)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 23,195,000 | 23,367,000 | 23,022,000 | 22,538,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 11,962,000 | 11,526,000 | 11,495,000 | 11,276,000 | 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 |
| Financial leverage ratio | 1.94 | 2.03 | 2.00 | 2.00 | 2.05 | 2.06 | 2.23 | 2.08 | 2.11 | 2.20 | 1.99 | 1.95 | 1.96 | 1.97 | 2.03 | 2.03 | 2.06 | 2.07 | 2.08 | 2.08 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $23,195,000K ÷ $11,962,000K
= 1.94
The financial leverage ratio for Fox Corp Class A demonstrates a general pattern of stability with modest fluctuations over the analyzed period. Beginning in September 2020 and December 2020, the ratio remained steady at 2.08, reflecting a consistent leverage position. A slight decrease is observed by March and June 2021, with ratios of 2.07 and 2.06, respectively, indicating a marginal reduction in leverage.
From September 2021 through September 2022, a gradual decline is evident, with ratios decreasing from 2.03 to 1.95, suggesting a trend toward marginally lower financial leverage. This period reflects efforts possibly aimed at debt management or changes in capital structure, resulting in a decreased leverage profile.
However, a reversal occurs toward the end of 2022 and early 2023, where the ratio rises to 2.20 by March 2023, indicating increased leverage. This upward movement persists through June 2023 with a ratio of 2.11, followed by a leveling off near 2.08 in September 2023. The ratio further increases to 2.23 at the end of 2023, hinting at a slight shift toward greater leverage.
In the first half of 2024, the leverage ratio stabilizes around 2.06 to 2.00, suggesting a relatively balanced debt-equity structure during this period. The ratios then fluctuate within a narrow range of approximately 1.94 to 2.03 through the remainder of the period analyzed, indicating a consistent leverage stance towards the lower end of the historical spectrum.
Overall, the financial leverage ratio exhibits moderate variability, with the highest levels observed in late 2023, and a general tendency toward stability in the mid to later periods. The fluctuations imply proactive management of debt levels or capital structure adjustments, with the company maintaining leverage ratios predominantly within a range that balances the benefits and risks associated with leverage.
Peer comparison
Jun 30, 2025