News Corp A (NWSA)
Debt-to-equity 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-equity ratio | 0.35 | 0.35 | 0.36 | 0.37 | 0.36 | 0.37 | 0.37 | 0.38 | 0.34 | 0.30 | 0.23 | 0.24 | 0.28 | 0.12 | 0.13 | 0.16 | 0.16 | 0.14 | 0.13 | 0.08 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,855,000K ÷ $8,120,000K
= 0.35
The debt-to-equity ratio of News Corp A has shown fluctuations over the past few years. From December 2019 to March 2020, the ratio remained relatively stable at around 0.13 to 0.16. However, there was a significant increase in the ratio in the following quarters, reaching 0.37 by March 2023. Subsequently, the ratio decreased gradually to 0.30 by March 2022 before experiencing a sharp drop to 0.23 by December 2022. The ratio then increased again to 0.36 by March 2024.
Overall, the trend indicates some variability in the company's capital structure, with periods of higher leverage followed by decreases in debt relative to equity. It is essential for investors and stakeholders to monitor these fluctuations in the debt-to-equity ratio to assess News Corp A's financial risk and leverage position.
Peer comparison
Jun 30, 2024