News Corp B (NWS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,372,000 | 4,128,000 | 4,003,000 | 3,969,000 | 4,053,000 | 4,032,000 | 3,763,000 | 3,754,000 | 4,093,000 | 4,162,000 | 4,599,000 | 4,372,000 | 4,456,000 | 3,943,000 | 3,596,000 | 3,435,000 | 3,461,000 | 3,741,000 | 3,718,000 | 3,799,000 |
| 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 |
| Current ratio | 1.43 | 1.36 | 1.44 | 1.31 | 1.28 | 1.26 | 1.28 | 1.25 | 1.16 | 1.18 | 1.42 | 1.34 | 1.38 | 1.24 | 1.26 | 1.25 | 1.29 | 1.39 | 1.36 | 1.09 |
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 fluctuated over the past few years, ranging from 1.09 to 1.44. This ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio above 1.0 suggests that the company has more current assets than current liabilities, which is generally seen as a positive sign.
In the most recent period, the current ratio stands at 1.43, indicating that News Corp B has $1.43 in current assets for every $1 in current liabilities. This suggests a healthy liquidity position, as the company has sufficient current assets to cover its short-term debts.
Although the current ratio has seen some fluctuations, overall, News Corp B has maintained a current ratio above 1.0 consistently, reflecting its ability to meet its short-term financial obligations. However, it is important to monitor the trend of this ratio over time to ensure the company's liquidity remains stable.
Peer comparison
Jun 30, 2024