News Corp B (NWS)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,855,000 | 2,844,000 | 2,984,000 | 2,909,000 | 2,940,000 | 2,960,000 | 2,998,000 | 2,977,000 | 2,776,000 | 2,496,000 | 1,968,000 | 1,964,000 | 2,285,000 | 1,000,000 | 1,044,000 | 1,206,000 | 1,183,000 | 1,115,000 | 1,201,000 | 707,000 |
| Total assets | US$ in thousands | 16,684,000 | 16,544,000 | 16,681,000 | 16,475,000 | 16,921,000 | 17,034,000 | 16,891,000 | 16,387,000 | 17,221,000 | 17,419,000 | 16,520,000 | 16,418,000 | 16,771,000 | 15,397,000 | 15,094,000 | 14,400,000 | 14,261,000 | 14,428,000 | 16,282,000 | 16,233,000 |
| Debt-to-assets ratio | 0.17 | 0.17 | 0.18 | 0.18 | 0.17 | 0.17 | 0.18 | 0.18 | 0.16 | 0.14 | 0.12 | 0.12 | 0.14 | 0.06 | 0.07 | 0.08 | 0.08 | 0.08 | 0.07 | 0.04 |
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 been relatively stable over the past few quarters, ranging between 0.12 to 0.18. This indicates that the company's level of debt in relation to its total assets has remained moderate and consistent during this period.
The ratio peaked at 0.18 in December 2023 and March 2024, suggesting a slightly higher reliance on debt during those periods, but quickly returned to 0.17 in June 2024. Overall, the company has maintained a healthy balance between debt and assets, with a downward trend observed from a high of 0.18 in 2023 to a lower level of 0.14 in March 2021, before slightly increasing again to 0.17 in the most recent quarter.
The gradual decrease in the debt-to-assets ratio from 0.18 in 2023 to 0.14 in 2021 could indicate improved financial stability and potentially better debt management by News Corp B during this period. The fluctuation within the narrow range of 0.14 to 0.18 also suggests that the company has been prudently managing its debt levels relative to its asset base.
Peer comparison
Jun 30, 2024