News Corp A (NWSA)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,403,000 | 2,095,000 | 1,751,000 | 1,778,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | 15,000 | — | — | 16,000 | 22,000 | 17,000 | 14,000 | 11,000 | 61,000 | 50,000 | 56,000 | 52,000 | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,608,000 | 4,081,000 | 3,730,000 | 3,269,000 | 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 |
| Cash ratio | 0.92 | 0.51 | 0.47 | 0.54 | 0.65 | 0.64 | 0.62 | 0.51 | 0.59 | 0.52 | 0.46 | 0.49 | 0.54 | 0.54 | 0.69 | 0.66 | 0.69 | 0.62 | 0.55 | 0.56 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,403,000K
+ $—K)
÷ $2,608,000K
= 0.92
The cash ratio of News Corp A demonstrates notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, the ratio remains relatively stable around 0.55 to 0.56 in late 2020, indicating a modest level of liquidity with cash and cash equivalents covering approximately 55-56% of current liabilities. This baseline is maintained through early 2021, with a slight increase observed by March 2021 to 0.62, suggesting an improvement in liquidity position.
From mid-2021 onward, there is a discernible upward trend, reaching a peak of 0.69 in June and December 2021, reflecting a significant enhancement in liquidity and an increased cushion of cash relative to current obligations. This period indicates a conservative liquidity stance, potentially prioritizing liquidity preservation or capitalizing on available cash reserves.
During 2022, the cash ratio exhibits a declining trajectory, dropping to 0.54 by March and June, and further decreasing to approximately 0.49 and 0.46 by September and December respectively. This downward trend denotes a reduction in the proportion of current liabilities that can be immediately covered by cash holdings, possibly signaling increased utilization of cash for operational needs, investments, or other expenditures.
The subsequent period shows some stabilization, with the ratio slightly recovering to around 0.52 in March 2023 and elevating further to 0.59 in June 2023. Nonetheless, the ratio remains below initial peak levels observed in late 2021, indicating continued cautiousness in liquidity management.
A notable escalation occurs between September 2023 and June 2025: the ratio climbs from approximately 0.54 in September 2023 to a pronounced peak of 0.92 in June 2025. This sharp increase suggests a significant buildup of cash reserves relative to current liabilities, pointing toward a conservative liquidity stance or strategic liquidity accumulation. The data indicates a potential readiness for strategic moves, debt repayment, or increased liquidity buffering.
Overall, the trend in News Corp A's cash ratio reflects periods of liquidity strengthening and stabilization after previous declines, with a recent marked increase implying increased liquidity safety margins as of mid-2025. Throughout the period, the cash ratio remains within a range indicating a generally conservative approach to immediate liquidity, with fluctuations aligned to operational or strategic financial management considerations.
Peer comparison
Jun 30, 2025