News Corp A (NWSA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 8,120,000 | 8,051,000 | 8,182,000 | 7,892,000 | 8,064,000 | 8,077,000 | 8,115,000 | 7,872,000 | 8,222,000 | 8,425,000 | 8,383,000 | 8,210,000 | 8,211,000 | 8,188,000 | 8,131,000 | 7,639,000 | 7,582,000 | 7,832,000 | 8,958,000 | 8,714,000 |
| Debt-to-capital ratio | 0.26 | 0.26 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.25 | 0.23 | 0.19 | 0.19 | 0.22 | 0.11 | 0.11 | 0.14 | 0.13 | 0.12 | 0.12 | 0.08 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,855,000K ÷ ($2,855,000K + $8,120,000K)
= 0.26
The debt-to-capital ratio of News Corp A has shown relatively stable trends over the past few quarters, ranging between 0.19 and 0.27. The ratio indicates that, on average, the company has been financing around 25% to 27% of its total capital structure through debt.
Notable fluctuations in the ratio were observed in the earlier periods, with a sharp increase from 0.08 in December 2019 to 0.19 in March 2021, followed by a decrease to 0.11 in March 2022. Subsequently, there was a slight uptrend before stabilizing around 0.25 to 0.27.
The consistent levels of the debt-to-capital ratio suggest that News Corp A has maintained a balanced approach towards its capital structure, relying on a mix of debt and equity financing. This stability may indicate a prudent financial strategy aimed at managing the company's leverage and financial risk effectively.
Peer comparison
Jun 30, 2024