Current Ratio
since 2005
Calculation
Twenty-First Century Fox Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jun 30, 2018 | 2.35 | = | 19,333) | ÷ | 8,244) |
| Jun 30, 2017 | 2.25 | = | 16,286) | ÷ | 7,238) |
| Jun 30, 2016 | 2.12 | = | 14,949) | ÷ | 7,068) |
| Jun 30, 2015 | 2.39 | = | 17,376) | ÷ | 7,262) |
| Jun 30, 2014 | 1.74 | = | 15,376) | ÷ | 8,856) |
| Jun 30, 2013 | 1.85 | = | 15,567) | ÷ | 8,435) |
| Jun 30, 2012 | 2.02 | = | 19,448) | ÷ | 9,617) |
| Jun 30, 2011 | 2.28 | = | 21,784) | ÷ | 9,571) |
| Jun 30, 2010 | 2.03 | = | 18,024) | ÷ | 8,862) |
| Jun 30, 2009 | 1.49 | = | 15,836) | ÷ | 10,639) |
| Jun 30, 2008 | 1.56 | = | 14,362) | ÷ | 9,182) |
| Jun 30, 2007 | 2.12 | = | 15,906) | ÷ | 7,494) |
| Jun 30, 2006 | 2.06 | = | 13,123) | ÷ | 6,373) |
| Jun 30, 2005 | 1.92 | = | 12,779) | ÷ | 6,649) |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
The liquidity position of the organization remained strong between 2005 and 2018, with the current ratio consistently remaining above 1.0. This indicates a persistent ability to cover short-term obligations with short-term assets throughout the analyzed period.
- Current Asset Trends
- Current assets exhibited a general upward trajectory from 2005 to 2011, rising from 12,779 million US$ to a peak of 21,784 million US$. Following this peak, a period of fluctuation occurred, with assets declining to 14,949 million US$ by 2016 before recovering to 19,333 million US$ by 2018.
- Current Liability Trends
- Short-term obligations showed a steady increase from 6,649 million US$ in 2005 to a peak of 10,639 million US$ in 2009. After 2009, current liabilities generally trended downward or stabilized, reaching a low of 7,068 million US$ in 2016 before slightly increasing to 8,244 million US$ in 2018.
- Current Ratio Volatility and Recovery
- The current ratio fluctuated between a low of 1.49 in 2009 and a high of 2.39 in 2015. A notable contraction in liquidity occurred between 2008 and 2009, where the ratio dropped from 1.56 to 1.49, coinciding with the peak in current liabilities. Subsequent years showed a strong recovery, with the ratio climbing back above 2.0 by 2010 and maintaining a higher range between 1.74 and 2.35 from 2013 through 2018.
The overall trend suggests a strategic management of short-term debt and asset accumulation, resulting in an enhanced liquidity buffer in the latter half of the period compared to the mid-period dip.
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Comparison to Competitors
Twenty-First Century Fox Inc., current ratio, long-term trends, comparison to competitors
| Twenty-First Century Fox Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Jun 30, 2018 | 2.35 | 3.92 | 0.79 | 7.19 | 1.49 | 0.94 |
| Jun 30, 2017 | 2.25 | 5.14 | 0.74 | 12.92 | 1.40 | 0.81 |
| Jun 30, 2016 | 2.12 | 6.29 | 0.76 | 11.97 | 1.25 | 1.01 |
| Jun 30, 2015 | 2.39 | 4.67 | 0.68 | 11.25 | 1.54 | 1.03 |
| Jun 30, 2014 | 1.74 | 4.80 | 0.78 | 9.60 | 1.48 | 1.14 |
| Jun 30, 2013 | 1.85 | 4.58 | 0.74 | 11.88 | 1.42 | 1.21 |
| Jun 30, 2012 | 2.02 | 4.22 | 1.20 | 10.71 | 1.34 | 1.07 |
| Jun 30, 2011 | 2.28 | 5.92 | 0.65 | — | 1.49 | 1.14 |
| Jun 30, 2010 | 2.03 | 4.16 | 1.08 | — | 1.65 | 1.11 |
| Jun 30, 2009 | 1.49 | 10.62 | 0.44 | — | 1.82 | 1.33 |
| Jun 30, 2008 | 1.56 | 8.77 | 0.42 | — | 1.67 | 1.01 |
| Jun 30, 2007 | 2.12 | 8.49 | 0.46 | — | 1.96 | 0.99 |
| Jun 30, 2006 | 2.06 | 10.00 | 0.70 | — | 2.21 | 0.94 |
| Jun 30, 2005 | 1.92 | 12.08 | 0.41 | — | 1.77 | 0.96 |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Media & Entertainment)
Twenty-First Century Fox Inc., current ratio, long-term trends, comparison to sector (media & entertainment)
| Twenty-First Century Fox Inc. | Media & Entertainment | |
|---|---|---|
| Jun 30, 2018 | 2.35 | 2.51 |
| Jun 30, 2017 | 2.25 | 2.85 |
| Jun 30, 2016 | 2.12 | 2.86 |
| Jun 30, 2015 | 2.39 | 2.47 |
| Jun 30, 2014 | 1.74 | 2.46 |
| Jun 30, 2013 | 1.85 | 2.35 |
| Jun 30, 2012 | 2.02 | 2.31 |
| Jun 30, 2011 | 2.28 | 2.17 |
| Jun 30, 2010 | 2.03 | 2.14 |
| Jun 30, 2009 | 1.49 | 2.33 |
| Jun 30, 2008 | 1.56 | 1.56 |
| Jun 30, 2007 | 2.12 | 1.51 |
| Jun 30, 2006 | 2.06 | 1.47 |
| Jun 30, 2005 | 1.92 | 1.27 |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Communication Services)
Twenty-First Century Fox Inc., current ratio, long-term trends, comparison to industry (communication services)
| Twenty-First Century Fox Inc. | Communication Services | |
|---|---|---|
| Jun 30, 2018 | 2.35 | 1.59 |
| Jun 30, 2017 | 2.25 | 1.65 |
| Jun 30, 2016 | 2.12 | 1.69 |
| Jun 30, 2015 | 2.39 | 1.45 |
| Jun 30, 2014 | 1.74 | 1.61 |
| Jun 30, 2013 | 1.85 | 1.90 |
| Jun 30, 2012 | 2.02 | 1.44 |
| Jun 30, 2011 | 2.28 | 1.35 |
| Jun 30, 2010 | 2.03 | 1.12 |
| Jun 30, 2009 | 1.49 | 1.08 |
| Jun 30, 2008 | 1.56 | 0.93 |
| Jun 30, 2007 | 2.12 | 0.89 |
| Jun 30, 2006 | 2.06 | 0.83 |
| Jun 30, 2005 | 1.92 | 0.78 |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).