News Corp A (NWSA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,372,000 | 4,128,000 | 4,003,000 | 3,969,000 | 4,053,000 | 4,032,000 | 3,763,000 | 3,754,000 | 4,093,000 | 4,162,000 | 4,599,000 | 4,372,000 | 4,456,000 | 3,943,000 | 3,596,000 | 3,435,000 | 3,461,000 | 3,741,000 | 3,718,000 | 3,799,000 |
| 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 |
| Current ratio | 1.43 | 1.36 | 1.44 | 1.31 | 1.28 | 1.26 | 1.28 | 1.25 | 1.16 | 1.18 | 1.42 | 1.34 | 1.38 | 1.24 | 1.26 | 1.25 | 1.29 | 1.39 | 1.36 | 1.09 |
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 exhibited some fluctuations over the past few periods, ranging from 1.09 to 1.44. The current ratio measures a company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
The current ratio of News Corp A has generally been healthy, staying above 1 throughout the periods analyzed. This indicates that the company has had sufficient current assets to meet its short-term obligations. However, there have been some variations in the ratio, suggesting changes in the company's liquidity position over time.
The current ratio peaked at 1.44 in December 2023, indicating a relatively strong liquidity position at that point. However, it decreased to 1.09 in September 2019, which might raise concerns about the company's ability to cover its short-term obligations with current assets during that period.
Overall, the current ratio trend of News Corp A shows some fluctuations but generally remains above 1, indicating that the company has had a satisfactory ability to meet its short-term liabilities with current assets. Further analysis of the company's financial health and liquidity position may be necessary to understand the reasons behind the fluctuations in the current ratio.
Peer comparison
Jun 30, 2024