News Corp B (NWS)
Quick 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 | 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 |
| Receivables | US$ in thousands | 1,503,000 | 1,438,000 | 1,516,000 | 1,559,000 | 1,425,000 | 1,540,000 | 1,636,000 | 1,473,000 | 1,502,000 | 1,532,000 | 1,665,000 | 1,499,000 | 1,498,000 | 1,335,000 | 1,444,000 | 1,240,000 | 1,203,000 | 1,237,000 | 1,570,000 | 1,540,000 |
| 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 |
| Quick ratio | 1.20 | 1.19 | 1.25 | 1.09 | 1.10 | 1.07 | 1.09 | 1.04 | 1.00 | 1.04 | 1.28 | 1.19 | 1.24 | 1.13 | 1.13 | 1.09 | 1.08 | 1.04 | 1.11 | 0.91 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,960,000K
+ $214,000K
+ $1,503,000K)
÷ $3,055,000K
= 1.20
The quick ratio of News Corp B has shown some fluctuations over the past few quarters. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has more than enough liquid assets to cover its current liabilities.
Looking at the data, the quick ratio has generally been above 1, reflecting a strong liquidity position. In the most recent quarter, the quick ratio was 1.20, which indicates that News Corp B had $1.20 of liquid assets available to cover each dollar of current liabilities. This suggests a healthy liquidity position and implies that the company is in a good position to meet its short-term obligations.
Although there have been some fluctuations in the quick ratio over the quarters, the overall trend seems to indicate a consistent ability to cover short-term liabilities with liquid assets. It is important for investors and stakeholders to monitor these ratios to assess the company's liquidity and financial health.
Peer comparison
Jun 30, 2024