Debt-to-Equity Ratio

The debt-to-equity ratio compares a company’s total debt to its shareholders’ equity, with 0.60x meaning FOX uses $0.60 of debt for every $1.00 of equity — a moderate leverage level.

This ratio sits below the sector median of 0.72x, placing FOX in the 42nd percentile among peers, indicating lower debt usage than the typical sector company. The year-over-year change is not available, but quarter-over-quarter the ratio decreased by 21.1%, falling from 0.76x to 0.60x. A current ratio below the sector median combined with a sharp quarterly decline suggests FOX is reducing its relative debt exposure, which can indicate lower financial risk. However, the NEUTRAL overall verdict reflects that this single metric does not shift the broader assessment — while the lower leverage is favorable, other factors likely balance the view. This metric does not contradict the NEUTRAL rating; it aligns with a cautious stance by showing reduced risk without signaling strong upside opportunity.

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