News Corp B (NWS)
Debt-to-equity 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-equity ratio | 0.35 | 0.35 | 0.36 | 0.37 | 0.36 | 0.37 | 0.37 | 0.38 | 0.34 | 0.30 | 0.23 | 0.24 | 0.28 | 0.12 | 0.13 | 0.16 | 0.16 | 0.14 | 0.13 | 0.08 |
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 fluctuations over the past few quarters, ranging from 0.08 to 0.38. The ratio indicates how much debt the company is using to finance its operations relative to its equity.
From December 2019 to June 2020, the ratio steadily increased from 0.13 to 0.37, signaling a higher reliance on debt for financing. However, in the subsequent quarters, the ratio fluctuated within a narrower range of 0.30 to 0.38, indicating a more stable debt-to-equity structure.
The ratio of 0.35 as of June 30, 2024, suggests that News Corp B has $0.35 in debt for every $1 of equity. This moderate ratio implies a balanced mix of debt and equity financing, which can be beneficial for supporting growth while maintaining financial stability.
Overall, the trend in News Corp B's debt-to-equity ratio shows some variability, but the recent levels indicate a reasonably stable capital structure. Further analysis of the company's debt management strategies and overall financial health would provide a more comprehensive understanding of its leverage position.
Peer comparison
Jun 30, 2024