News Corp A (NWSA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,855,000 | 2,844,000 | 2,984,000 | 2,909,000 | 2,940,000 | 2,960,000 | 2,998,000 | 2,977,000 | 2,776,000 | 2,496,000 | 1,968,000 | 1,964,000 | 2,285,000 | 1,000,000 | 1,044,000 | 1,206,000 | 1,183,000 | 1,115,000 | 1,201,000 | 707,000 |
| Total assets | US$ in thousands | 16,684,000 | 16,544,000 | 16,681,000 | 16,475,000 | 16,921,000 | 17,034,000 | 16,891,000 | 16,387,000 | 17,221,000 | 17,419,000 | 16,520,000 | 16,418,000 | 16,771,000 | 15,397,000 | 15,094,000 | 14,400,000 | 14,261,000 | 14,428,000 | 16,282,000 | 16,233,000 |
| Debt-to-assets ratio | 0.17 | 0.17 | 0.18 | 0.18 | 0.17 | 0.17 | 0.18 | 0.18 | 0.16 | 0.14 | 0.12 | 0.12 | 0.14 | 0.06 | 0.07 | 0.08 | 0.08 | 0.08 | 0.07 | 0.04 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,855,000K ÷ $16,684,000K
= 0.17
The debt-to-assets ratio of News Corp A has shown a relatively stable trend over the past few quarters, fluctuating between 0.12 and 0.18. This ratio indicates the proportion of the company's total assets that are financed by debt. With a ratio ranging from 0.12 to 0.18, News Corp A appears to have a moderate level of financial leverage, suggesting that it relies on a mix of debt and equity to fund its operations and investments.
The slight increase in the debt-to-assets ratio from 0.12 in Mar 31, 2022, to 0.18 in Dec 31, 2023, may indicate a strategic decision to take on more debt to support growth opportunities or strategic initiatives during that period. Additionally, the decrease in the ratio from 0.18 in Dec 31, 2023, to 0.14 in Jun 30, 2021, suggests potential deleveraging efforts or changes in the company's capital structure over the analyzed period.
Overall, News Corp A's debt-to-assets ratio hovering around 0.12 to 0.18 indicates a relatively conservative approach to financing its operations, with a prudent balance between debt and assets. Further analysis of the company's overall financial health and cash flow management would provide a more comprehensive understanding of its capital structure and debt management strategies.
Peer comparison
Jun 30, 2024