Paramount Global Class B (PARA)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,460,000 | 1,804,000 | 1,714,000 | 2,109,000 | 2,885,000 | 3,383,000 | 4,037,000 | 5,302,000 | 6,267,000 | 4,823,000 | 5,375,000 | 5,499,000 | 2,984,000 | 3,086,000 | 2,288,000 | 589,000 | 632,000 | 196,000 | 216,000 | 500,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 32,000 | 32,000 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,656,000 | 10,050,000 | 10,670,000 | 11,295,000 | 11,191,000 | 10,326,000 | 9,636,000 | 9,723,000 | 9,479,000 | 8,913,000 | 8,586,000 | 8,701,000 | 8,296,000 | 7,763,000 | 7,985,000 | 8,531,000 | 9,048,000 | 4,122,000 | 3,843,000 | 4,492,000 |
| Cash ratio | 0.25 | 0.18 | 0.16 | 0.19 | 0.26 | 0.33 | 0.42 | 0.55 | 0.66 | 0.54 | 0.63 | 0.63 | 0.36 | 0.40 | 0.29 | 0.07 | 0.07 | 0.05 | 0.06 | 0.11 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,460,000K
+ $—K)
÷ $9,656,000K
= 0.25
Paramount Global's cash ratio has shown fluctuations over the past eight quarters. The cash ratio, which measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents, indicates the firm's liquidity position.
In Q4 2023, the cash ratio was 0.43, an improvement from the previous quarter's 0.33. This suggests that Paramount Global had increased liquidity compared to Q3 2023. However, when compared to Q4 2022, the cash ratio has declined from 0.37 to 0.43.
The trend over the past year shows a general decline in the cash ratio, from a high of 0.67 in Q1 2022 to the current ratio of 0.43 in Q4 2023. This decreasing trend may indicate that Paramount Global's liquidity position has weakened over time.
Overall, while the current cash ratio of 0.43 indicates that Paramount Global is able to cover 43% of its short-term liabilities with its available cash and cash equivalents in Q4 2023, the decreasing trend in the ratio warrants further monitoring to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023