News Corp A (NWSA)
Quick 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 | 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 |
| Receivables | US$ in thousands | 1,503,000 | 1,438,000 | 1,516,000 | 1,559,000 | 1,425,000 | 1,540,000 | 1,636,000 | 1,473,000 | 1,502,000 | 1,532,000 | 1,665,000 | 1,499,000 | 1,498,000 | 1,335,000 | 1,444,000 | 1,240,000 | 1,203,000 | 1,237,000 | 1,570,000 | 1,540,000 |
| 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 |
| Quick ratio | 1.20 | 1.19 | 1.25 | 1.09 | 1.10 | 1.07 | 1.09 | 1.04 | 1.00 | 1.04 | 1.28 | 1.19 | 1.24 | 1.13 | 1.13 | 1.09 | 1.08 | 1.04 | 1.11 | 0.91 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,960,000K
+ $214,000K
+ $1,503,000K)
÷ $3,055,000K
= 1.20
The quick ratio of News Corp A has shown fluctuations over the past several quarters, ranging from 0.91 to 1.28. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
In the most recent quarter, the quick ratio stood at 1.20, indicating a slight improvement compared to the previous quarter. This suggests that News Corp A may have a stronger ability to meet its short-term obligations using its most liquid assets.
However, it is important to note that while the quick ratio has generally been above 1, indicating good liquidity levels, there have been periods where it dipped below 1, such as in the first quarter of 2022. This could be a signal of potential liquidity challenges during those periods.
Overall, News Corp A's quick ratio has shown variability over time, and further analysis of its current assets and liabilities management practices may be required to assess its short-term liquidity position accurately.
Peer comparison
Jun 30, 2024