News Corp B (NWS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 8,120,000 | 8,051,000 | 8,182,000 | 7,892,000 | 8,064,000 | 8,077,000 | 8,115,000 | 7,872,000 | 8,222,000 | 8,425,000 | 8,383,000 | 8,210,000 | 8,211,000 | 8,188,000 | 8,131,000 | 7,639,000 | 7,582,000 | 7,832,000 | 8,958,000 | 8,714,000 |
| Debt-to-capital ratio | 0.26 | 0.26 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.25 | 0.23 | 0.19 | 0.19 | 0.22 | 0.11 | 0.11 | 0.14 | 0.13 | 0.12 | 0.12 | 0.08 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,855,000K ÷ ($2,855,000K + $8,120,000K)
= 0.26
The debt-to-capital ratio of News Corp B has shown some fluctuation over the past few quarters. From December 2019 to June 2020, the ratio steadily increased from 0.12 to 0.27 before decreasing to 0.19 in March 2021. Subsequently, the ratio increased to 0.27 by September 2021 but then decreased to 0.22 by December 2021. The ratio then saw some variations over the next few quarters but remained within the range of 0.19 to 0.27. Overall, the company's debt-to-capital ratio has been fairly stable, indicating a moderate level of leverage in its capital structure.
Peer comparison
Jun 30, 2024