News Corp B (NWS)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,504,000 | 16,580,000 | 16,161,000 | 16,927,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 8,774,000 | 8,203,000 | 8,149,000 | 8,253,000 | 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 |
| Financial leverage ratio | 1.77 | 2.02 | 1.98 | 2.05 | 2.05 | 2.05 | 2.04 | 2.09 | 2.10 | 2.11 | 2.08 | 2.08 | 2.09 | 2.07 | 1.97 | 2.00 | 2.04 | 1.88 | 1.86 | 1.89 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,504,000K ÷ $8,774,000K
= 1.77
The financial leverage ratio of News Corp B demonstrates a generally upward trend from September 30, 2020, through early 2023, indicating an increasing reliance on debt financing relative to equity. Starting at 1.89 in September 2020, the ratio experiences minor fluctuations but shows a consistent rise reaching a peak of approximately 2.11 on March 31, 2023. This elevation suggests that the company has been increasingly leveraging debt in its capital structure during this period, which may have implications for its financial risk profile.
Subsequently, the leverage ratio stabilizes around the low 2.0 range, with slight variations, indicating a relatively steady leverage position from late 2023 through mid-2024. Notably, there is a decline to approximately 1.98 on December 31, 2024, marking a slight reduction in leverage. However, the ratio trends upward again in mid-2025, reaching a value of 2.02, before experiencing a significant decrease to 1.77 by June 30, 2025.
The overall pattern suggests that while News Corp B historically increased its leverage over the period, it has also shown efforts to reduce leverage at certain points. The fluctuations reflect possible strategic adjustments, potentially aiming to optimize the capital structure or manage financial risk. In summary, the company's financial leverage ratio indicates a moderate to high dependence on debt, with recent movements suggesting a correction or reduction in leverage levels.
Peer comparison
Jun 30, 2025