News Corp A (NWSA)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,960,000 | 1,943,000 | 1,724,000 | 1,529,000 | 1,833,000 | 1,659,000 | 1,328,000 | 1,458,000 | 1,822,000 | 1,865,000 | 2,184,000 | 2,100,000 | 2,236,000 | 1,974,000 | 1,562,000 | 1,539,000 | 1,517,000 | 1,388,000 | 1,272,000 | 1,441,000 |
| Short-term investments | US$ in thousands | 214,000 | 225,000 | 227,000 | 208,000 | 235,000 | 227,000 | 230,000 | 208,000 | 212,000 | 285,000 | 290,000 | 288,000 | 280,000 | 268,000 | 237,000 | 197,000 | 177,000 | 179,000 | 186,000 | 189,000 |
| Total current liabilities | US$ in thousands | 3,055,000 | 3,042,000 | 2,784,000 | 3,037,000 | 3,165,000 | 3,204,000 | 2,939,000 | 3,013,000 | 3,519,000 | 3,527,000 | 3,233,000 | 3,272,000 | 3,234,000 | 3,169,000 | 2,861,000 | 2,738,000 | 2,682,000 | 2,689,000 | 2,727,000 | 3,492,000 |
| Cash ratio | 0.71 | 0.71 | 0.70 | 0.57 | 0.65 | 0.59 | 0.53 | 0.55 | 0.58 | 0.61 | 0.77 | 0.73 | 0.78 | 0.71 | 0.63 | 0.63 | 0.63 | 0.58 | 0.53 | 0.47 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,960,000K
+ $214,000K)
÷ $3,055,000K
= 0.71
The cash ratio of News Corp A has fluctuated over the past few quarters. The ratio was relatively stable around the range of 0.70 to 0.75 from December 2020 to March 2023. However, it experienced a decline in the subsequent quarters, dropping to as low as 0.53 in December 2023.
The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external financing.
News Corp A's cash ratio generally remained above 0.50, indicating that the company has a reasonable level of liquidity to cover its short-term liabilities. However, the decreasing trend in the cash ratio in recent quarters may signal a lower level of liquidity or potential difficulties in meeting short-term obligations.
It would be advisable for analysts to closely monitor News Corp A's cash position and its ability to generate sufficient cash flows to maintain a healthy liquidity position in the future.
Peer comparison
Jun 30, 2024