Fox Corp Class A (FOXA)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,850,000 | 2,962,000 | 3,454,000 | 3,072,000 | 2,509,000 | 2,554,000 | 1,529,000 | 1,805,000 | 2,085,000 | 2,032,000 | 2,478,000 | 1,954,000 | 2,071,000 | 1,988,000 | 2,383,000 | 2,784,000 | 3,313,000 | 3,157,000 | 2,515,000 | 2,621,000 |
| Interest expense (ttm) | US$ in thousands | 355,000 | 409,000 | 414,000 | 416,000 | 405,000 | 396,000 | 383,000 | 353,000 | 349,000 | 348,000 | 353,000 | 361,000 | 371,000 | 384,000 | 391,000 | 393,000 | 395,000 | 396,000 | 387,000 | 378,000 |
| Interest coverage | 8.03 | 7.24 | 8.34 | 7.38 | 6.20 | 6.45 | 3.99 | 5.11 | 5.97 | 5.84 | 7.02 | 5.41 | 5.58 | 5.18 | 6.09 | 7.08 | 8.39 | 7.97 | 6.50 | 6.93 |
June 30, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $2,850,000K ÷ $355,000K
= 8.03
The interest coverage ratios for Fox Corp Class A over the period from September 2020 to June 2025 exhibit notable fluctuations. In September 2020, the ratio stood at 6.93, indicating that the company's earnings before interest and taxes (EBIT) comfortably covered its interest expenses roughly 7 times. This ratio experienced a slight decline by December 2020 to 6.50 but remained robust.
Throughout 2021, the ratios demonstrated some variability, reaching a peak of 8.39 in June 2021, reflecting strong earnings relative to interest obligations. However, a decline was observed toward the latter part of 2021, with December recording a ratio of 6.09. The downward trend persisted into early 2022, with ratios decreasing to 5.18 in March and slightly increasing to 5.58 in June, then stabilizing at around 5.41 in September 2022.
In late 2022 and early 2023, the ratios showed signs of recovery, with December 2022 recording 7.02 and March 2023 at 5.84. Mid-2023 figures indicated a consistent level near 6, with June 2023 at 5.97 and September at 5.11. A more significant decline was observed at the end of 2023, with December 2023 ratio dropping to 3.99.
In the subsequent period extending into mid-2024 and early 2025, the ratios generally increased, reaching a high of 8.34 in December 2024, which suggests a strong capacity to meet interest obligations with earnings. The latest available data from June and September 2024 and 2025 indicate ratios of 6.20, 7.38, 7.24, and 8.03 respectively, signifying a return towards stronger interest coverage.
Overall, the trend indicates periodic variability with peaks and troughs, but the ratios predominantly remain above 3.5, suggesting that Fox Corp Class A maintained a consistent ability to service its interest expenses throughout the observed period, despite some periods of decline that imply increased financial risk or reduced earnings flexibility.
Peer comparison
Jun 30, 2025