News Corp B (NWS)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,960,000 | 1,943,000 | 1,724,000 | 1,529,000 | 1,833,000 | 1,659,000 | 1,328,000 | 1,458,000 | 1,822,000 | 1,865,000 | 2,184,000 | 2,100,000 | 2,236,000 | 1,974,000 | 1,562,000 | 1,539,000 | 1,517,000 | 1,388,000 | 1,272,000 | 1,441,000 |
| Short-term investments | US$ in thousands | 214,000 | 225,000 | 227,000 | 208,000 | 235,000 | 227,000 | 230,000 | 208,000 | 212,000 | 285,000 | 290,000 | 288,000 | 280,000 | 268,000 | 237,000 | 197,000 | 177,000 | 179,000 | 186,000 | 189,000 |
| Total current liabilities | US$ in thousands | 3,055,000 | 3,042,000 | 2,784,000 | 3,037,000 | 3,165,000 | 3,204,000 | 2,939,000 | 3,013,000 | 3,519,000 | 3,527,000 | 3,233,000 | 3,272,000 | 3,234,000 | 3,169,000 | 2,861,000 | 2,738,000 | 2,682,000 | 2,689,000 | 2,727,000 | 3,492,000 |
| Cash ratio | 0.71 | 0.71 | 0.70 | 0.57 | 0.65 | 0.59 | 0.53 | 0.55 | 0.58 | 0.61 | 0.77 | 0.73 | 0.78 | 0.71 | 0.63 | 0.63 | 0.63 | 0.58 | 0.53 | 0.47 |
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 some fluctuations over the past few quarters. As of June 30, 2024, the cash ratio stands at 0.71, indicating that the company has $0.71 in cash for every $1 of current liabilities. This suggests that News Corp B has a relatively strong ability to cover its short-term obligations with its cash reserves.
Looking at the trend over the past few quarters, we see some variation in the cash ratio, with some quarters showing higher ratios (e.g., 0.77 in December 2021) and others showing lower ratios (e.g., 0.53 in December 2022). This variability may be influenced by factors such as changes in cash holdings, operating cash flows, and current liabilities.
Overall, the gradual increase in the cash ratio from 0.47 in September 2019 to 0.71 in June 2024 indicates an improving liquidity position for News Corp B. However, it is important to continue monitoring this ratio to ensure that the company maintains a healthy level of cash relative to its short-term obligations.
Peer comparison
Jun 30, 2024