Stock Analysis on Net

Twenty-First Century Fox Inc. (NASDAQ:FOX)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 6, 2019.

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Twenty-First Century Fox Inc., debt to equity, long-term trends, calculation

Microsoft Excel

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

Total Borrowings
Over the analyzed period, total borrowings exhibited a generally increasing trend. Starting at 10,999 million US dollars in June 2005, borrowings rose steadily with occasional fluctuations, reaching a peak of 19,913 million in June 2017 before slightly declining to 19,523 million in June 2018. This reflects a substantial increase in total borrowings by approximately 77% over the 13-year span.
Total Stockholders' Equity
Stockholders' equity demonstrated more volatility throughout the period. It initially increased from 29,377 million in June 2005 to a high of 32,922 million in June 2007, followed by a significant decline to 16,998 million by June 2013. After bottoming out, equity values fluctuated but showed some recovery, ending at 19,564 million in June 2018. Overall, equity declined by roughly one-third relative to the starting figure, indicating notable erosion in shareholder value during the timeframe.
Debt to Equity Ratio
The debt to equity ratio revealed a clear upward trajectory, indicating increased leverage over the years. It started from a moderate level of 0.37 in June 2005, remained relatively stable until 2007, then progressively increased, reaching a peak of 1.44 in June 2016. Following this apex, the ratio decreased somewhat to 1.00 by June 2018. This trend suggests growing reliance on debt financing relative to equity, with peak leverage occurring between 2014 and 2017.
Overall Analysis
The combined trends illustrate a company that significantly increased its debt burden while experiencing a decline in equity, resulting in heightened financial leverage risks particularly pronounced from 2013 to 2017. The elevated debt to equity ratios in these years imply greater financial risk, possibly impacting creditworthiness and cost of capital. The modest reduction in leverage toward the end of the period may reflect strategic efforts to rebalance the capital structure. However, the overall pattern points to a period marked by leveraged expansion or restructuring, requiring close attention to debt management and equity preservation.

Comparison to Competitors

Twenty-First Century Fox Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

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., debt to equity, long-term trends, comparison to sector (media & entertainment)

Microsoft Excel

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., debt to equity, long-term trends, comparison to industry (communication services)

Microsoft Excel

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).