The company has demonstrated disciplined capital management by reducing its debt-to-equity ratio from 0.47 in 2024Q2 to 0.32 as of 2026Q3, enhancing overall financial flexibility.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 |
|---|
| Total Current Assets | 4.58B | 4.81B | 4.37B | 4.05B | 4.09B | 4.46B | 3.46B | 4.05B | 4.39B | 3.81B | 3.89B | 3.98B | 5.27B | 4.64B | 3.12B | 3.99B |
| Cash & Short-Term Investments | 2.17B | 2.4B | 1.87B | 1.83B | 1.82B | 2.24B | 1.52B | 1.64B | 2.03B | 2.02B | 1.83B | 1.95B | 3.15B | 2.38B | 1.13B | 2.02B |
| Cash Only | 2.17B | 2.4B | 1.87B | 1.83B | 1.82B | 2.24B | 1.52B | 1.64B | 2.03B | 2.02B | 1.83B | 1.95B | 3.15B | 2.38B | 1.13B | 2.02B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.78B | 1.56B | 1.42B | 1.43B | 1.5B | 1.5B | 1.2B | 1.54B | 1.61B | 1.28B | 1.23B | 1.35B | 1.45B | 1.58B | 1.37B | 1.5B |
| Days Sales Outstanding | 71.24 | 67.45 | 62.81 | 64.92 | 52.79 | 58.43 | 48.74 | 55.94 | 65.2 | 57.22 | 54.1 | 56.91 | 61.9 | 64.95 | 57.74 | 60.32 |
| Inventory | 303M | 327M | 266M | 311M | 311M | 253M | 348M | 348M | 376M | 208M | 218M | 319M | 310M | 301M | 246M | 242M |
| Days Inventory Outstanding | 28.45 | 32.23 | 25.66 | 29.21 | 22.36 | 19.32 | 25.78 | 20.21 | 25.54 | 15.25 | 15.21 | 23.51 | 22.3 | 20.27 | - | - |
| Other Current Assets | 327M | 519M | 814M | 484M | 458M | 469M | 393M | 515M | 372M | 315M | 370M | 218M | 361M | 144M | 212M | 227M |
| Total Non-Current Assets | 10.94B | 10.69B | 12.31B | 12.87B | 13.13B | 12.31B | 10.8B | 11.66B | 11.95B | 10.74B | 11.59B | 11.12B | 11.22B | 11B | 9.97B | 13.01B |
| Property, Plant & Equipment | 2.12B | 2.12B | 2.08B | 3.08B | 2.99B | 3.31B | 3.32B | 2.55B | 2.56B | 1.62B | 2.4B | 2.75B | 3.01B | 2.99B | 3.27B | 3.73B |
| Fixed Asset Turnover | 4.17x | 3.99x | 3.97x | 2.60x | 3.47x | 2.83x | 2.72x | 3.94x | 3.53x | 5.01x | 3.45x | 3.14x | 2.85x | 2.97x | 2.64x | 2.44x |
| Goodwill | 4.49B | 4.37B | 4.34B | 5.14B | 5.17B | 4.65B | 3.95B | 5.15B | 5.22B | 3.84B | 3.71B | 3.06B | 2.78B | 2.73B | 2.59B | 3.97B |
| Intangible Assets | 1.88B | 1.93B | 1.95B | 2.49B | 2.67B | 2.18B | 1.86B | 2.43B | 2.67B | 2.28B | 2.21B | 2.24B | 2.14B | 2.19B | 2.46B | 3.92B |
| Long-Term Investments | 4.05B | 1.02B | 429M | 427M | 488M | 351M | 297M | 335M | 393M | 2.03B | 2.27B | 2.38B | 2.61B | 2.5B | 1.13B | 1.03B |
| Other Non-Current Assets | 1.27B | 1B | 3.19B | 1.34B | 1.38B | 1.45B | 1.04B | 930M | 831M | 442M | 396M | 472M | 536M | 459M | 470M | 336M |
| Total Assets | 15.52B | 15.5B | 16.68B | 16.92B | 17.22B | 16.77B | 14.26B | 15.71B | 16.35B | 14.55B | 15.48B | 15.09B | 16.49B | 15.64B | 13.09B | 17.01B |
| Asset Turnover | 0.57x | 0.55x | 0.49x | 0.47x | 0.60x | 0.56x | 0.63x | 0.64x | 0.55x | 0.56x | 0.54x | 0.57x | 0.52x | 0.57x | 0.66x | 0.53x |
| Asset Growth % | -26.88% | -7.07% | -1.4% | -1.74% | 2.68% | 17.6% | -9.23% | -3.88% | 12.33% | -6.01% | 2.58% | -8.47% | 5.41% | 19.5% | -23.04% | - |
| Total Current Liabilities | 2.69B | 2.61B | 3.06B | 3.17B | 3.52B | 3.23B | 2.68B | 3.34B | 3.29B | 2.45B | 2.44B | 2.15B | 2.26B | 2.17B | 2.47B | 2.57B |
| Accounts Payable | 384M | 335M | 254M | 440M | 411M | 321M | 351M | 411M | 605M | 222M | 217M | 238M | 276M | 242M | 284M | 314M |
| Days Payables Outstanding | 34.06 | 33.02 | 24.51 | 41.33 | 29.55 | 24.52 | 26 | 23.87 | 41.09 | 16.28 | 15.14 | 17.54 | 19.85 | 16.3 | - | - |
| Short-Term Debt | 87M | 2M | 9M | 3M | 266M | 28M | 48M | 449M | 462M | 103M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.03B | 498M | 483M | 622M | 604M | 473M | 398M | 428M | 516M | 426M | 388M | 361M | 369M | 389M | 386M | 447M |
| Other Current Liabilities | 1.66B | 438M | 1.02B | 521M | 603M | 666M | 488M | 702M | 355M | 458M | 466M | 747M | 431M | 250M | 185M | 232M |
| Current Ratio | 1.70x | 1.84x | 1.43x | 1.28x | 1.16x | 1.38x | 1.29x | 1.21x | 1.33x | 1.56x | 1.59x | 1.84x | 2.33x | 2.14x | 1.26x | 1.56x |
| Quick Ratio | 1.59x | 1.72x | 1.34x | 1.18x | 1.07x | 1.30x | 1.16x | 1.11x | 1.22x | 1.47x | 1.50x | 1.70x | 2.19x | 2.00x | 1.16x | 1.46x |
| Cash Conversion Cycle | 65.63 | 66.67 | 63.97 | 52.8 | 45.6 | 53.23 | 48.52 | 52.28 | 49.65 | 56.2 | 54.17 | 62.88 | 64.34 | 68.92 | - | - |
| Total Non-Current Liabilities | 3.54B | 3.51B | 4.62B | 4.81B | 4.56B | 4.39B | 3.19B | 2.06B | 2.55B | 1.01B | 1.24B | 802M | 806M | 776M | 1.7B | 2.01B |
| Long-Term Debt | 1.99B | 1.79B | 2.09B | 2.92B | 2.74B | 2.21B | 1.09B | 1B | 1.49B | 276M | 369M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 3.7B | 1.05B | 912M | 1.14B | 987M | 1.19B | 1.24B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 217M | 57M | 21M | 163M | 198M | 260M | 258M | 295M | 389M | 61M | 171M | 166M | 224M | 152M | 926M | 1.38B |
| Other Non-Current Liabilities | 649M | 609M | 1.59B | 580M | 638M | 730M | 603M | 761M | 675M | 670M | 699M | 623M | 582M | 624M | 778M | 632M |
| Total Liabilities | 6.24B | 6.12B | 7.67B | 7.98B | 8.08B | 7.63B | 5.87B | 5.4B | 5.85B | 3.46B | 3.68B | 2.96B | 3.07B | 2.95B | 4.17B | 4.58B |
| Total Debt | 2.93B | 2.94B | 3.1B | 4.21B | 4.16B | 3.6B | 2.54B | 1.45B | 1.95B | 276M | 369M | 404M | 431M | 1.11B | 0 | 0 |
| Net Debt | 758M | 537M | 1.23B | 2.37B | 2.33B | 1.36B | 1.02B | -190M | -82M | -1.74B | -1.46B | -1.55B | -2.71B | -1.27B | -1.13B | -2.02B |
| Debt / Equity | 0.32x | 0.31x | 0.34x | 0.47x | 0.45x | 0.39x | 0.30x | 0.14x | 0.19x | 0.02x | 0.03x | 0.03x | 0.03x | 0.09x | - | - |
| Debt / EBITDA | 1.67x | 1.85x | 2.20x | 3.25x | 1.97x | 2.10x | 1.77x | 1.01x | 1.82x | 0.31x | 0.44x | 0.47x | 8.80x | 1.61x | - | - |
| Net Debt / EBITDA | 0.43x | 0.34x | 0.87x | 1.84x | 1.11x | 0.79x | 0.71x | -0.13x | -0.08x | -1.97x | -1.74x | -1.82x | -55.39x | -1.85x | -1.45x | -1.67x |
| Interest Coverage | 25.23x | 95.60x | 9.20x | 8.07x | 9.46x | 16.38x | 14.88x | 7.00x | 85.57x | - | - | - | - | - | - | - |
| Total Equity | 9.28B | 9.39B | 9.01B | 8.95B | 9.14B | 9.15B | 8.39B | 10.31B | 10.5B | 11.09B | 11.8B | 12.14B | 13.42B | 12.7B | 8.92B | 12.43B |
| Equity Growth % | 12.81% | 4.19% | 0.74% | -2.17% | -0.03% | 9.02% | -18.64% | -1.77% | -5.37% | -6.01% | -2.75% | -9.56% | 5.69% | 42.35% | -28.24% | - |
| Book Value per Share | 16.53 | 16.47 | 15.71 | 15.45 | 15.43 | 15.41 | 14.27 | 17.54 | 18.01 | 19.09 | 20.24 | 20.89 | 23.14 | 21.91 | 15.42 | 21.48 |
| Total Shareholders' Equity | 8.58B | 8.77B | 8.12B | 8.06B | 8.22B | 8.21B | 7.58B | 9.14B | 9.31B | 10.81B | 11.58B | 11.96B | 13.26B | 12.58B | 8.92B | 12.43B |
| Common Stock | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 0 | 0 |
| Retained Earnings | -452M | -747M | -1.89B | -2.14B | -2.29B | -2.91B | -3.24B | -1.98B | -2.16B | -648M | 150M | 88M | 237M | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.54B | -1.54B | -1.25B | -1.25B | -1.27B | -941M | -1.33B | -1.13B | -874M | -964M | -1.03B | -582M | 610M | 271M | -2.31B | -2.35B |
| Minority Interest | 697M | 615M | 891M | 881M | 921M | 935M | 807M | 1.17B | 1.19B | 284M | 218M | 171M | 156M | 118M | 0 | 0 |
Consolidation and leverage volatility
According to recent financial filings, NWS has maintained a relatively stable asset base of approximately $15.5 billion as of 2026Q3, while successfully reducing total debt from $4.2 billion in 2024Q2 to $2.9 billion, signaling a deliberate effort to deleverage despite ongoing operational volatility.
The reduction in debt levels suggests management is prioritizing balance sheet flexibility as it navigates the transition from legacy media to digital-first revenue streams. Investors should monitor whether this trajectory of debt reduction continues, as it provides a necessary buffer against the cyclicality inherent in the company's real estate and advertising segments.
As reported in quarterly balance sheets, the company's debt-to-equity ratio has improved from 0.47 in 2024Q2 to 0.32 by 2026Q3, reflecting a disciplined approach to capital structure that reduces interest expense burdens during periods of fluctuating operating cash flow.
The decline in leverage appears to be a strategic response to the inherent volatility of the media industry, potentially lowering the cost of capital over the long term. This improved positioning may provide the company with greater optionality for future bolt-on acquisitions or continued shareholder returns.
Based on the latest reported figures, NWS maintains a current ratio of 1.70 as of 2026Q3, which represents a significant improvement from the 1.36 level observed in 2024Q3, indicating a strengthened ability to meet short-term obligations without relying on external financing.
The expansion of the current ratio suggests that the company is effectively managing its working capital, likely aided by the growth of recurring subscription revenue. This liquidity position appears sufficient to absorb potential shocks in the advertising market or unexpected costs associated with the ongoing digital transformation.
Data from recent balance sheets reveals that retained earnings remain negative at -$452 million as of 2026Q3, although this represents a notable recovery from the -$2.0 billion level reported in 2024Q2, suggesting that historical impairment charges continue to weigh on the equity base.
The persistent negative balance in retained earnings warrants further investigation, as it reflects the cumulative impact of past restructuring costs and asset write-downs. While the trend is moving toward improvement, the equity quality remains sensitive to future impairment risks related to legacy print and broadcast assets.
As indicated in financial disclosures, the full consolidation of the REA Group's assets and liabilities into the NWS balance sheet may mask the true liquidity available to parent shareholders, given that NWS only holds a majority stake of approximately 61%.
Investors should be cautious when interpreting consolidated metrics, as the inclusion of non-controlling interests can inflate the perceived asset base and cash position. This structural nuance implies that the parent company's actual financial flexibility may be more constrained than the headline consolidated figures suggest.
Quick answers to the most common questions about buying NWS stock.
As of 2025, News Corporation (NWS) had total assets of $15.50B including $4.81B in current assets.
News Corporation (NWS) carries total debt of $2.94B, offset by $2.40B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
News Corporation (NWS) has total shareholders' equity (book value) of $8.77B ($16.47 book value per share). Book value represents the net worth of the company belonging to common stock holders.
News Corporation (NWS) reported a current ratio of 1.84x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.