This company was transferred to the archive: financial data is no longer updated!

Microsoft Excel LibreOffice Calc

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


Analysis of Solvency Ratios

Beginner level


Solvency Ratios (Summary)

Twenty-First Century Fox Inc., solvency ratios

Microsoft Excel LibreOffice Calc
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Debt Ratios
Debt to equity 1.00 1.27 1.44 1.11 1.09 0.97
Debt to capital 0.50 0.56 0.59 0.53 0.52 0.49
Debt to assets 0.36 0.39 0.41 0.38 0.35 0.32
Financial leverage 2.75 3.23 3.54 2.91 3.15 3.00
Coverage Ratios
Interest coverage 4.53 4.85 4.51 9.22 5.63 9.22
Fixed charge coverage 3.98 4.29 4.00 7.75 4.49 7.03

Based on: 10-K (filing date: 2018-08-13), 10-K (filing date: 2017-08-14), 10-K (filing date: 2016-08-11), 10-K (filing date: 2015-08-13), 10-K (filing date: 2014-08-14), 10-K (filing date: 2013-08-19).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Twenty-First Century Fox Inc.’s debt to equity ratio improved from 2016 to 2017 and from 2017 to 2018.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Twenty-First Century Fox Inc.’s debt to capital ratio improved from 2016 to 2017 and from 2017 to 2018.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Twenty-First Century Fox Inc.’s debt to assets ratio improved from 2016 to 2017 and from 2017 to 2018.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Twenty-First Century Fox Inc.’s financial leverage ratio decreased from 2016 to 2017 and from 2017 to 2018.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Twenty-First Century Fox Inc.’s interest coverage ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Twenty-First Century Fox Inc.’s fixed charge coverage ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Debt to Equity

Twenty-First Century Fox Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Current borrowings 1,054  457  427  244  799  137 
Non-current borrowings 18,469  19,456  19,298  18,795  18,259  16,321 
Total debt 19,523  19,913  19,725  19,039  19,058  16,458 
 
Total Twenty-First Century Fox, Inc. stockholders’ equity 19,564  15,722  13,661  17,220  17,418  16,998 
Solvency Ratio
Debt to equity1 1.00 1.27 1.44 1.11 1.09 0.97
Benchmarks
Debt to Equity, Competitors2
Charter Communications Inc. 2.01 1.80 1.54
Comcast Corp. 1.56 0.94 1.13 1.01
Netflix Inc. 1.98 1.81 1.26 1.07
Walt Disney Co. 0.43 0.61 0.47 0.39 0.33
Debt to Equity, Sector
Media 1.33 1.09 1.04 1.09
Debt to Equity, Industry
Consumer Services 1.26 1.07 0.97 0.92

Based on: 10-K (filing date: 2018-08-13), 10-K (filing date: 2017-08-14), 10-K (filing date: 2016-08-11), 10-K (filing date: 2015-08-13), 10-K (filing date: 2014-08-14), 10-K (filing date: 2013-08-19).

1 2018 Calculation
Debt to equity = Total debt ÷ Total Twenty-First Century Fox, Inc. stockholders’ equity
= 19,523 ÷ 19,564 = 1.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Twenty-First Century Fox Inc.’s debt to equity ratio improved from 2016 to 2017 and from 2017 to 2018.

Debt to Capital

Twenty-First Century Fox Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Current borrowings 1,054  457  427  244  799  137 
Non-current borrowings 18,469  19,456  19,298  18,795  18,259  16,321 
Total debt 19,523  19,913  19,725  19,039  19,058  16,458 
Total Twenty-First Century Fox, Inc. stockholders’ equity 19,564  15,722  13,661  17,220  17,418  16,998 
Total capital 39,087  35,635  33,386  36,259  36,476  33,456 
Solvency Ratio
Debt to capital1 0.50 0.56 0.59 0.53 0.52 0.49
Benchmarks
Debt to Capital, Competitors2
Charter Communications Inc. 0.67 0.64 0.61 1.00
Comcast Corp. 0.61 0.48 0.53 0.50
Netflix Inc. 0.66 0.64 0.56 0.52
Walt Disney Co. 0.30 0.38 0.32 0.28 0.25
Debt to Capital, Sector
Media 0.57 0.52 0.51 0.52
Debt to Capital, Industry
Consumer Services 0.56 0.52 0.49 0.48

Based on: 10-K (filing date: 2018-08-13), 10-K (filing date: 2017-08-14), 10-K (filing date: 2016-08-11), 10-K (filing date: 2015-08-13), 10-K (filing date: 2014-08-14), 10-K (filing date: 2013-08-19).

1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= 19,523 ÷ 39,087 = 0.50

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Twenty-First Century Fox Inc.’s debt to capital ratio improved from 2016 to 2017 and from 2017 to 2018.

Debt to Assets

Twenty-First Century Fox Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Current borrowings 1,054  457  427  244  799  137 
Non-current borrowings 18,469  19,456  19,298  18,795  18,259  16,321 
Total debt 19,523  19,913  19,725  19,039  19,058  16,458 
 
Total assets 53,831  50,724  48,365  50,051  54,793  50,944 
Solvency Ratio
Debt to assets1 0.36 0.39 0.41 0.38 0.35 0.32
Benchmarks
Debt to Assets, Competitors2
Charter Communications Inc. 0.50 0.48 0.41 0.91
Comcast Corp. 0.44 0.35 0.34 0.32
Netflix Inc. 0.40 0.34 0.25 0.23
Walt Disney Co. 0.21 0.26 0.22 0.20 0.18
Debt to Assets, Sector
Media 0.41 0.37 0.34 0.36
Debt to Assets, Industry
Consumer Services 0.36 0.34 0.32 0.31

Based on: 10-K (filing date: 2018-08-13), 10-K (filing date: 2017-08-14), 10-K (filing date: 2016-08-11), 10-K (filing date: 2015-08-13), 10-K (filing date: 2014-08-14), 10-K (filing date: 2013-08-19).

1 2018 Calculation
Debt to assets = Total debt ÷ Total assets
= 19,523 ÷ 53,831 = 0.36

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Twenty-First Century Fox Inc.’s debt to assets ratio improved from 2016 to 2017 and from 2017 to 2018.

Financial Leverage

Twenty-First Century Fox Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Total assets 53,831  50,724  48,365  50,051  54,793  50,944 
Total Twenty-First Century Fox, Inc. stockholders’ equity 19,564  15,722  13,661  17,220  17,418  16,998 
Solvency Ratio
Financial leverage1 2.75 3.23 3.54 2.91 3.15 3.00
Benchmarks
Financial Leverage, Competitors2
Charter Communications Inc. 4.03 3.75 3.71
Comcast Corp. 3.51 2.72 3.35 3.19
Netflix Inc. 4.96 5.31 5.07 4.59
Walt Disney Co. 2.02 2.32 2.13 1.98 1.87
Financial Leverage, Sector
Media 3.23 2.94 3.11 3.07
Financial Leverage, Industry
Consumer Services 3.49 3.18 3.07 2.95

Based on: 10-K (filing date: 2018-08-13), 10-K (filing date: 2017-08-14), 10-K (filing date: 2016-08-11), 10-K (filing date: 2015-08-13), 10-K (filing date: 2014-08-14), 10-K (filing date: 2013-08-19).

1 2018 Calculation
Financial leverage = Total assets ÷ Total Twenty-First Century Fox, Inc. stockholders’ equity
= 53,831 ÷ 19,564 = 2.75

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Twenty-First Century Fox Inc.’s financial leverage ratio decreased from 2016 to 2017 and from 2017 to 2018.

Interest Coverage

Twenty-First Century Fox Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Net income attributable to Twenty-First Century Fox, Inc. stockholders 4,464  2,952  2,755  8,306  4,514  7,097 
Add: Net income attributable to noncontrolling interest 298  274  261  231  132  226 
Less: Income (loss) from discontinued operations, net of tax (12) (44) (8) (67) 729  277 
Add: Income tax expense (364) 1,419  1,130  1,243  1,272  1,690 
Add: Interest expense, net 1,248  1,219  1,184  1,198  1,121  1,063 
Earnings before interest and tax (EBIT) 5,658  5,908  5,338  11,045  6,310  9,799 
Solvency Ratio
Interest coverage1 4.53 4.85 4.51 9.22 5.63 9.22
Benchmarks
Interest Coverage, Competitors2
Charter Communications Inc. 1.48 1.33 1.33 0.75
Comcast Corp. 5.30 5.97 5.88 5.95
Netflix Inc. 3.92 3.04 2.74 2.07
Walt Disney Co. 22.60 28.20 43.00 53.33 42.65
Interest Coverage, Sector
Media 5.02 5.42 6.10 7.14
Interest Coverage, Industry
Consumer Services 7.08 8.23 8.82 9.76

Based on: 10-K (filing date: 2018-08-13), 10-K (filing date: 2017-08-14), 10-K (filing date: 2016-08-11), 10-K (filing date: 2015-08-13), 10-K (filing date: 2014-08-14), 10-K (filing date: 2013-08-19).

1 2018 Calculation
Interest coverage = EBIT ÷ Interest expense
= 5,658 ÷ 1,248 = 4.53

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Twenty-First Century Fox Inc.’s interest coverage ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Fixed Charge Coverage

Twenty-First Century Fox Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Net income attributable to Twenty-First Century Fox, Inc. stockholders 4,464  2,952  2,755  8,306  4,514  7,097 
Add: Net income attributable to noncontrolling interest 298  274  261  231  132  226 
Less: Income (loss) from discontinued operations, net of tax (12) (44) (8) (67) 729  277 
Add: Income tax expense (364) 1,419  1,130  1,243  1,272  1,690 
Add: Interest expense, net 1,248  1,219  1,184  1,198  1,121  1,063 
Earnings before interest and tax (EBIT) 5,658  5,908  5,338  11,045  6,310  9,799 
Add: Operating lease expense 230  205  200  260  365  385 
Earnings before fixed charges and tax 5,888  6,113  5,538  11,305  6,675  10,184 
 
Interest expense, net 1,248  1,219  1,184  1,198  1,121  1,063 
Operating lease expense 230  205  200  260  365  385 
Fixed charges 1,478  1,424  1,384  1,458  1,486  1,448 
Solvency Ratio
Fixed charge coverage1 3.98 4.29 4.00 7.75 4.49 7.03
Benchmarks
Fixed Charge Coverage, Competitors2
Charter Communications Inc. 1.43 1.30 1.30 0.76
Comcast Corp. 4.53 4.90 4.89 5.04
Netflix Inc. 3.33 2.55 2.28 1.85
Walt Disney Co. 10.14 11.03 13.38 13.34 11.40
Fixed Charge Coverage, Sector
Media 4.17 4.39 4.88 5.54
Fixed Charge Coverage, Industry
Consumer Services 3.91 4.35 4.52 4.69

Based on: 10-K (filing date: 2018-08-13), 10-K (filing date: 2017-08-14), 10-K (filing date: 2016-08-11), 10-K (filing date: 2015-08-13), 10-K (filing date: 2014-08-14), 10-K (filing date: 2013-08-19).

1 2018 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 5,888 ÷ 1,478 = 3.98

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Twenty-First Century Fox Inc.’s fixed charge coverage ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.