News Corp B (NWS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 8,120,000 | 8,064,000 | 8,222,000 | 8,211,000 | 7,582,000 |
| Debt-to-equity ratio | 0.35 | 0.36 | 0.34 | 0.28 | 0.16 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,855,000K ÷ $8,120,000K
= 0.35
The debt-to-equity ratio of News Corp B has shown fluctuating trends over the past five years. The ratio increased from 0.16 in 2020 to 0.28 in 2021, indicating a substantial rise in debt relative to equity. However, in the subsequent years, the ratio continued to fluctuate within a relatively narrow range, with values of 0.34 in 2022, 0.36 in 2023, and 0.35 in 2024.
Overall, the company's debt-to-equity ratio suggests that it has been maintaining a stable balance between debt and equity financing in recent years. The ratio has mostly remained below 0.4, indicating that the company has not been overly reliant on debt to finance its operations. However, it is important to consider other factors such as the industry norms and the company's specific circumstances to gain a comprehensive understanding of its financial leverage.
Peer comparison
Jun 30, 2024