News Corp B (NWS)
Cash ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,960,000 | 1,833,000 | 1,822,000 | 2,236,000 | 1,517,000 |
| Short-term investments | US$ in thousands | 214,000 | 235,000 | 212,000 | 280,000 | 177,000 |
| Total current liabilities | US$ in thousands | 3,055,000 | 3,165,000 | 3,519,000 | 3,234,000 | 2,682,000 |
| Cash ratio | 0.71 | 0.65 | 0.58 | 0.78 | 0.63 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,960,000K
+ $214,000K)
÷ $3,055,000K
= 0.71
The cash ratio of News Corp B has shown variability over the past five years. The ratio has fluctuated between 0.58 and 0.78, indicating changes in the company's ability to cover its short-term liabilities with cash and cash equivalents.
In 2024, the cash ratio stands at 0.71, reflecting an improvement from the previous year. This suggests that News Corp B has a higher proportion of cash to cover its current liabilities compared to 2023.
However, it is important to note that the cash ratio was highest in 2021 at 0.78. This indicates that News Corp B had a relatively stronger ability to meet its short-term obligations with cash and cash equivalents in that particular year.
Overall, while there have been fluctuations in the cash ratio over the years, News Corp B has maintained a level of liquidity to meet its short-term financial obligations. It would be important to monitor this ratio in conjunction with other liquidity measures to assess the company's financial health effectively.
Peer comparison
Jun 30, 2024