News Corp B (NWS)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,372,000 | 4,053,000 | 4,093,000 | 4,456,000 | 3,461,000 |
| Total current liabilities | US$ in thousands | 3,055,000 | 3,165,000 | 3,519,000 | 3,234,000 | 2,682,000 |
| Current ratio | 1.43 | 1.28 | 1.16 | 1.38 | 1.29 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,372,000K ÷ $3,055,000K
= 1.43
The current ratio of News Corp B has shown variability over the past five years, ranging from 1.16 to 1.43. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1.0 suggests the company has more current assets than current liabilities, which is generally considered favorable.
In 2024, the current ratio improved to 1.43 from 1.28 in 2023, indicating that News Corp B had better liquidity and its ability to meet short-term obligations was enhanced. This increase suggests that the company may have increased its current assets relative to its current liabilities.
Although the current ratio fluctuated in recent years, it remained above 1.0 in each period, indicating News Corp B's ability to meet its short-term obligations. However, a higher current ratio typically signifies better short-term financial health, as the company has more assets readily available to cover its short-term debts.
Overall, News Corp B's current ratio has shown resilience and improvement in recent years, reflecting its ability to manage short-term liquidity and meet its obligations.
Peer comparison
Jun 30, 2024