News Corp A (NWSA)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,372,000 | 4,053,000 | 4,093,000 | 4,456,000 | 3,461,000 |
| Total current liabilities | US$ in thousands | 3,055,000 | 3,165,000 | 3,519,000 | 3,234,000 | 2,682,000 |
| Current ratio | 1.43 | 1.28 | 1.16 | 1.38 | 1.29 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,372,000K ÷ $3,055,000K
= 1.43
The current ratio of News Corp A has shown fluctuating trends over the past five years. As of June 30, 2024, the current ratio stands at 1.43, indicating that the company has $1.43 in current assets for every $1 in current liabilities. This indicates a relatively healthy liquidity position, with sufficient current assets to cover its short-term obligations.
Compared to the previous years, the current ratio has improved from 1.28 in 2023 and 1.16 in 2022. This upward trend suggests that News Corp A has strengthened its ability to meet its short-term financial obligations over the years.
However, there was a slight dip in the current ratio in 2021 at 1.38, followed by a relative stabilization in 2020 at 1.29. While these ratios still indicate a favorable liquidity position, it is important for the company to monitor and manage its current assets and liabilities effectively to ensure continued financial stability.
Overall, News Corp A's current ratio of 1.43 as of June 30, 2024, reflects a positive liquidity position compared to previous years, signaling the company's ability to meet its short-term financial obligations.
Peer comparison
Jun 30, 2024