Paramount Global Class B (PARA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,703,000 | 13,734,000 | 16,676,000 | 13,779,000 | 11,902,000 |
| Total current liabilities | US$ in thousands | 9,656,000 | 11,191,000 | 9,479,000 | 8,296,000 | 9,048,000 |
| Current ratio | 1.32 | 1.23 | 1.76 | 1.66 | 1.32 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,703,000K ÷ $9,656,000K
= 1.32
Paramount Global's current ratio has fluctuated over the past five years. In 2021, the current ratio was at its highest point of 1.76, indicating that the company had $1.76 in current assets for every $1 of current liabilities. This suggests a strong ability to meet its short-term obligations.
However, in the subsequent years, the current ratio decreased to 1.66 in 2020 and then further dropped to 1.23 in 2022. This decline may raise concerns about the company's short-term liquidity and ability to cover its current liabilities.
In 2023, the current ratio improved to 1.32, although it remains below the level reported in 2021. While the current ratio has recovered slightly, investors and creditors may still want to monitor Paramount Global's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023