Paramount Global Class B (PARA)

Current 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
Total current assets	US$ in thousands	12,703,000	12,711,000	12,459,000	12,657,000	13,734,000	13,524,000	14,182,000	15,354,000	16,676,000	14,798,000	15,254,000	15,487,000	13,779,000	13,157,000	12,439,000	10,406,000	11,902,000	6,273,000	6,336,000	6,732,000
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
Current ratio		1.32	1.26	1.17	1.12	1.23	1.31	1.47	1.58	1.76	1.66	1.78	1.78	1.66	1.69	1.56	1.22	1.32	1.52	1.65	1.50

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 shown fluctuations over the eight quarters presented. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, was highest in Q1 2022 at 1.58 and lowest in Q1 2023 at 1.12. Generally, a current ratio above 1 indicates the company can meet its short-term obligations.

The downward trend from Q1 2022 to Q1 2023 raises concerns as it suggests a potential decrease in the company's liquidity. However, the current ratio improved in Q4 2023 compared to the previous quarter, which is a positive sign. Paramount Global should continue monitoring and managing its current assets and liabilities effectively to ensure liquidity and financial stability in the future.