News Corp B (NWS)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,855,000 | 2,940,000 | 2,776,000 | 2,285,000 | 1,183,000 |
| Total assets | US$ in thousands | 16,684,000 | 16,921,000 | 17,221,000 | 16,771,000 | 14,261,000 |
| Debt-to-assets ratio | 0.17 | 0.17 | 0.16 | 0.14 | 0.08 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,855,000K ÷ $16,684,000K
= 0.17
The debt-to-assets ratio of News Corp B has shown a consistent trend over the past five years, ranging from 0.08 in June 2020 to 0.17 in June 2024 and June 2023. This ratio indicates that the company has been utilizing a relatively low level of debt financing compared to its total assets.
The gradual increase in the debt-to-assets ratio from 0.08 in June 2020 to 0.17 in June 2024 may suggest an increase in the company's debt relative to its assets over this period. However, it is important to note that the ratio has remained relatively stable at 0.17 over the past two years, indicating a consistent level of debt utilization.
A debt-to-assets ratio of 0.17 in June 2024 implies that 17% of News Corp B's total assets are financed by debt, while the remaining 83% are funded by equity. This suggests a moderate reliance on debt financing, which can be seen as a favorable indicator of financial stability and lower financial risk.
Overall, the stability and relatively low level of News Corp B's debt-to-assets ratio over the past years indicate a balanced capital structure and prudent debt management practices.
Peer comparison
Jun 30, 2024