News Corp B (NWS)

Solvency ratios

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
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
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
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
Financial leverage ratio 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 1.88 1.84 1.82 1.86

The solvency ratios of News Corp B show the company's ability to meet its long-term financial obligations and its overall financial leverage. The debt-to-assets ratio has remained relatively stable around 0.17 to 0.18 over the periods analyzed, indicating that the company has maintained a conservative level of debt relative to its total assets.

Similarly, the debt-to-capital ratio has also remained consistent at around 0.26 to 0.27, suggesting that the company's capital structure has not significantly changed and that it continues to rely on a moderate amount of debt to finance its operations.

The debt-to-equity ratio has shown a slight increase from 0.34 to 0.38 over the periods, signaling a higher reliance on debt in relation to shareholders' equity. However, the overall ratios are still within reasonable limits for the industry.

The financial leverage ratio has fluctuated between 1.88 to 2.11, indicating the company's overall financial risk and leverage. The ratios suggest that News Corp B has maintained a moderate level of financial leverage, with some fluctuations in recent periods.

Overall, the solvency ratios of News Corp B demonstrate a stable financial position with a reasonable amount of debt relative to assets, capital, and equity. The company's financial leverage has shown some variability but remains at acceptable levels for its operations.

Coverage ratios

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
Interest coverage -28.55 -26.88 -25.05 -28.97 -27.79 -26.93 -27.02 -26.92 -27.47 -32.15 -37.87 -42.28 -53.38 -10.23 -36.10 -45.35 -62.94 -27.14 1.78 1.36

Based on the provided data, the interest coverage ratio for News Corp B has been fluctuating significantly over the past few quarters. The negative values recorded in multiple periods indicate that the company's earnings before interest and taxes (EBIT) were insufficient to cover its interest expenses during those quarters.

The interest coverage ratio below 1 suggests that News Corp B had negative earnings or very low profits relative to its interest obligations during those specific periods. This is a concerning sign as it indicates that the company may be at a higher risk of defaulting on its debt payments.

Furthermore, the trend of declining interest coverage ratios over time from relatively high positive values in earlier periods to significantly negative values in more recent quarters is a red flag for investors and creditors. It indicates a deteriorating financial health and suggests that News Corp B may be facing challenges generating enough profits to service its debt.

Overall, the consistently low and negative interest coverage ratios of News Corp B raise concerns about the sustainability of the company's debt levels and its ability to meet its interest obligations in the future. Investors and creditors should closely monitor the company's financial performance and debt management practices to assess the associated risks.