NEWS debt and dilution87

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$1,989M

Cash & equivalents

USD millions

$2,095M

Net debt

USD millions

$-106M

Debt / equity

0.22×

Debt / assets

12.8%

Net debt / EBITDA

× · TTM

—

Operating income is unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

2.45×

Interest coverage

× · TTM

—

Operating income is unavailable in the extracted statements for this period.

Current ratio

1.62×

Diluted shares

Million shares

549.07M shares

Basic shares

Million shares

546.56M shares

Share count growth

-3.42%

Share repurchases

USD millions

$185M

Quarterly data

NEWS capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q4	Jun 30, 2026	1,989	2,095	-106	0.22×	12.8%	—	2.45×	—	1.62×	549.07	546.56	-3.42%	185
FY 2026 Q3	Mar 31, 2026	1,988	2,171	-183	0.21×	12.81%	—	3.51×	—	1.7×	555.7	554	-2.33%	192
FY 2026 Q2	Dec 31, 2025	1,951	2,051	-100	0.21×	12.58%	—	3.33×	—	1.81×	562	560.6	-1.39%	172
FY 2026 Q1	Sep 30, 2025	1,956	2,198	-242	0.21×	12.75%	—	3.04×	—	1.76×	566.9	564.9	-0.76%	92
FY 2025 Q4	Jun 30, 2025	1,962	2,403	-441	0.21×	12.65%	—	3.44×	—	1.84×	568.7	565.89	-0.67%	36
FY 2025 Q3	Mar 31, 2025	1,965	2,095	-130	0.22×	11.85%	—	2.86×	—	1.68×	569.5	567.2	-0.65%	36
FY 2025 Q2	Dec 31, 2024	1,967	1,751	216	0.22×	12.17%	—	2.84×	—	1.73×	570.1	568.5	-0.59%	40
FY 2025 Q1	Sep 30, 2024	2,900	1,778	1,122	0.32×	17.13%	—	3.87×	—	1.38×	571.2	569.2	-0.54%	38
FY 2024 Q4	Jun 30, 2024	2,909	1,960	949	0.32×	17.44%	—	4.83×	—	1.43×	572.9	569.69	-0.54%	34
FY 2024 Q3	Mar 31, 2024	2,900	1,943	957	0.33×	17.53%	—	3.8×	—	1.36×	573.6	570.9	-0.78%	27
FY 2024 Q2	Dec 31, 2023	3,042	1,724	1,318	0.33×	18.24%	—	4.24×	—	1.44×	573.5	571.9	-0.71%	27
FY 2024 Q1	Sep 30, 2023	2,970	1,529	1,441	0.34×	18.03%	—	5.41×	—	1.31×	574.1	572.3	-1.55%	29
FY 2023 Q4	Jun 30, 2023	2,967	1,833	1,134	0.33×	17.53%	—	5×	—	1.28×	576.39	572.79	-2.14%	47
FY 2023 Q3	Mar 31, 2023	2,987	1,659	1,328	0.33×	17.54%	—	6.49×	—	1.26×	577.9	575.4	-2.28%	18
FY 2023 Q2	Dec 31, 2022	3,025	1,328	1,697	0.33×	17.91%	—	5.24×	—	1.28×	577.8	576	-2.72%	51
FY 2023 Q1	Sep 30, 2022	3,000	1,458	1,542	0.34×	18.31%	—	3.98×	—	1.25×	583.2	581.3	-1.76%	127
FY 2022 Q4	Jun 30, 2022	3,069	1,822	1,247	0.34×	17.82%	—	3.59×	—	1.16×	588.89	585.28	-0.92%	54
FY 2022 Q3	Mar 31, 2022	2,802	1,865	937	0.3×	16.09%	—	3.71×	—	1.18×	592.1	588.8	-0.34%	82
FY 2022 Q2	Dec 31, 2021	2,270	2,184	86	0.24×	13.74%	—	2.99×	—	1.42×	594.7	592.1	0.24%	43
FY 2022 Q1	Sep 30, 2021	2,264	2,100	164	0.25×	13.79%	—	3.01×	—	1.34×	594.4	591.7	0.37%	0
FY 2021 Q4	Jun 30, 2021	2,313	2,236	77	0.25×	13.79%	—	2.73×	—	1.38×	595.81	590.7	0.37%	0
FY 2021 Q3	Mar 31, 2021	1,212	1,974	-762	0.13×	7.87%	—	1.19×	—	1.24×	594.5	590.8	0.42%	0
FY 2021 Q2	Dec 31, 2020	1,256	1,562	-306	0.14×	8.32%	—	1.8×	—	1.26×	592.6	590.7	0.43%	—
FY 2021 Q1	Sep 30, 2020	1,284	1,539	-255	0.15×	8.92%	—	2.6×	—	1.25×	590.8	589.5	0.48%	—
FY 2020 Q4	Jun 30, 2020	1,259	1,517	-258	0.15×	8.83%	—	3.68×	—	1.29×	588.5	588.5	0.6%	—
FY 2020 Q3	Mar 31, 2020	1,115	1,388	-273	0.13×	7.73%	—	4.67×	—	1.39×	588.3	588.3	0.56%	—
FY 2020 Q2	Dec 31, 2019	1,201	1,272	-71	0.12×	7.38%	—	5.53×	—	1.36×	590.3	588.2	0.56%	—
FY 2020 Q1	Sep 30, 2019	1,329	1,441	-112	0.14×	8.19%	—	4.65×	—	1.09×	586.7	586.7	0.48%	—
FY 2019 Q4	Jun 30, 2019	1,453	1,643	-190	0.14×	9.25%	—	4.08×	—	1.21×	590.01	585	0.34%	—
FY 2019 Q3	Mar 31, 2019	1,546	1,648	-102	0.15×	9.63%	—	4.16×	—	1.15×	588.8	585	0.38%	—
FY 2019 Q2	Dec 31, 2018	1,680	1,618	62	0.16×	10.35%	—	4.09×	—	1.19×	587.1	584.9	0.38%	—
FY 2019 Q1	Sep 30, 2018	1,857	1,886	-29	0.18×	11.4%	—	4.23×	—	1.26×	585.6	583.9	0.27%	—
FY 2018 Q4	Jun 30, 2018	1,952	2,034	-82	0.19×	11.94%	—	4.97×	—	1.33×	583	583	0.17%	—
FY 2018 Q3	Mar 31, 2018	276	2,112	-1,836	0.03×	2.06%	—	0.61×	—	1.62×	582.8	582.8	0.21%	—
FY 2018 Q2	Dec 31, 2017	281	1,856	-1,575	0.03×	1.96%	—	0.67×	—	1.64×	582.7	582.7	0.22%	—
FY 2018 Q1	Sep 30, 2017	386	1,877	-1,491	0.03×	2.63%	—	0.78×	—	1.56×	583.4	582.3	0.26%	—
FY 2017 Q4	Jun 30, 2017	379	2,016	-1,637	0.03×	2.6%	—	1.59×	—	1.56×	582	582	0.35%	—
FY 2017 Q3	Mar 31, 2017	376	1,850	-1,474	0.03×	2.53%	—	1.1×	—	1.53×	581.6	581.6	0.24%	—
FY 2017 Q2	Dec 31, 2016	355	1,564	-1,209	0.03×	2.44%	—	0.97×	—	1.54×	581.4	581.4	0.03%	—
FY 2017 Q1	Sep 30, 2016	381	1,499	-1,118	0.03×	2.5%	—	1.27×	—	1.46×	580.8	580.8	-0.03%	—
FY 2016 Q4	Jun 30, 2016	372	1,832	-1,460	0.03×	2.4%	—	0.53×	—	1.59×	582.5	580	-0.43%	—
FY 2016 Q3	Mar 31, 2016	369	1,972	-1,603	0.03×	2.35%	—	0.86×	—	1.47×	580.2	580.2	-0.28%	—
FY 2016 Q2	Dec 31, 2015	—	1,883	—	—	—	—	—	—	1.81×	582.7	581.2	0.17%	—
FY 2016 Q1	Sep 30, 2015	—	1,898	—	—	—	—	—	—	1.8×	582.7	581	0.26%	—
FY 2015 Q4	Jun 30, 2015	0	1,951	-1,951	0×	0%	—	0×	—	1.84×	578.29	582.51	0.55%	—
FY 2015 Q3	Mar 31, 2015	—	2,027	—	—	—	—	—	—	1.8×	583.2	581.8	0.48%	—
FY 2015 Q2	Dec 31, 2014	—	1,918	—	—	—	—	—	—	1.74×	582.5	580.2	0.22%	—
FY 2015 Q1	Sep 30, 2014	—	2,735	—	—	—	—	—	—	2.12×	579.9	579.5	0.12%	—
FY 2014 Q4	Jun 30, 2014	—	3,145	—	—	—	—	—	—	2.33×	580	579.3	—	—
FY 2014 Q3	Mar 31, 2014	—	3,207	—	—	—	—	—	—	2.15×	579.8	579	—	—
FY 2014 Q2	Dec 31, 2013	—	2,908	—	—	—	—	—	—	2.23×	579.6	578.9	—	—
FY 2014 Q1	Sep 30, 2013	—	2,688	—	—	—	—	—	—	1.98×	579.5	578.8	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · NWSA, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.