Less Borrowing for 21st Century Fox: Less Impact on Leverage
Twenty-First Century Fox (FOXA) (or Fox) has been decreasing its borrowings in the last five years. It raised its debt $918 million in fiscal 2017, a 28% YoY (year-over-year) fall, which clearly indicates that Fox has changed its policy of raising its debt in the last year. The proposed merger agreement with The Walt Disney Company (DIS) could be the reason for such a decline in borrowing.