Fox (FOX) Debt-to-Equity

: 0.92 (As of Dec. 2023)

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Fox's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,319 Mil. Fox's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,091 Mil. Fox's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10,252 Mil. Fox's debt to equity for the quarter that ended in Dec. 2023 was 0.92.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Fox's Debt-to-Equity or its related term are showing as below:

FOX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 0.76 Max: 0.92
Current: 0.92

During the past 8 years, the highest Debt-to-Equity Ratio of Fox was 0.92. The lowest was 0.67. And the median was 0.76.

FOX's Debt-to-Equity is ranked worse than
76.04% of 843 companies
in the Media - Diversified industry
Industry Median: 0.28 vs FOX: 0.92

Fox Debt-to-Equity Historical Data

The historical data trend for Fox's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fox Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.68

0.84

0.76

0.68

0.79

Fox Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.71	0.81	0.79	0.79	0.92

Competitive Comparison

For the Entertainment subindustry, Fox's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fox Debt-to-Equity Distribution

For the Media - Diversified industry and Communication Services sector, Fox's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fox's Debt-to-Equity falls into.

Fox Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fox's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1321	+	6886)	/	10378
	=	0.79

Fox's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1319	+	8091)	/	10252
	=	0.92

Fox (NAS:FOX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Fox Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Fox's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Fox (FOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fox Corp (NAS:FOX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FOXA:USA FOX1:Mexico FO5:Germany FO5:Germany

Address

1211 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.foxcorporation.com

Fox represents the assets not sold to Disney by predecessor firm, Twenty First Century Fox, in 2019. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network, Tubi, and the Fox Studios lot. Since the Disney sale, Fox has acquired other related and unrelated assets including Credible Labs, a consumer fintech firm. The Murdoch family continues to control the successor firm, which represents a large-scale bet on the value of live sports and news in the U.S. market.

Executives

Keith Rupert Murdoch	director, officer: Chairman	C/O FOX CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Viet D Dinh	officer: Chief Legal and Policy Officer	GEORGETOWN UNIVERSITY LAW CENTER, 600 NEW JERSEY AVENUE NW, WASHINGTON DC 20001
Lachlan K Murdoch	director, officer: Executive Chairman, CEO	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John Nallen	officer: Chief Operating Officer	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Roland A Hernandez	director	300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Jacques A Nasser	director
Chase Carey	director	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven Tomsic	officer: Chief Financial Officer	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Paul D Ryan	director	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Anne Dias	director	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Cruden Financial Services Llc	10 percent owner	C/O MCDONALD CARANO WILSON LLP, 100 LIBERTY STREET, RENO NV 89501
Murdoch Family Trust	10 percent owner	C/O MCDONALD CARANO WILSON LLP, 100 LIBERTY STREET, RENO NV 89501
Twenty-first Century Fox, Inc.	10 percent owner	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036