News Corp A (NWSA)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,504,000 | 16,580,000 | 16,161,000 | 16,927,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 8,774,000 | 8,203,000 | 8,149,000 | 8,253,000 | 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 |
| Financial leverage ratio | 1.77 | 2.02 | 1.98 | 2.05 | 2.05 | 2.05 | 2.04 | 2.09 | 2.10 | 2.11 | 2.08 | 2.08 | 2.09 | 2.07 | 1.97 | 2.00 | 2.04 | 1.88 | 1.86 | 1.89 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,504,000K ÷ $8,774,000K
= 1.77
The financial leverage ratio of News Corp A exhibits a generally upward trend from September 30, 2020, through June 30, 2023, indicating an increasing reliance on debt financing over this period. Specifically, the ratio rises from 1.89 in September 2020 to a peak of approximately 2.11 in March 2023, suggesting the company has progressively heightened its leverage, potentially to fund growth initiatives or other strategic activities.
Following this peak, the leverage ratio stabilizes around the 2.09 to 2.10 range in the latter part of 2023, with minor fluctuations. Notably, a slight decrease is observed from March 2024 to December 2024, where the ratio declines to approximately 1.98, possibly reflecting efforts to reduce financial risk or deleverage. Subsequently, the ratio increases marginally to 2.02 by March 2025, while a more significant drop to 1.77 is observed by June 2025, indicating a potential shift toward lower leverage levels.
Overall, the pattern indicates that News Corp A has historically maintained a moderate to high level of financial leverage, with periods of increased debt usage and subsequent adjustments. The fluctuations suggest responsive leverage management aligned with strategic or market conditions, emphasizing a balance between debt utilization for growth and financial stability.
Peer comparison
Jun 30, 2025