Paramount Global Class B (PARA)
Quick 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 | 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 | — | — | — | — | — |
| Receivables | US$ in thousands | 7,115,000 | 6,939,000 | 7,186,000 | 7,448,000 | 7,412,000 | 6,588,000 | 6,959,000 | 7,263,000 | 6,984,000 | 6,560,000 | 6,824,000 | 7,310,000 | 7,017,000 | 6,946,000 | 7,139,000 | 7,199,000 | 7,206,000 | 3,685,000 | 3,795,000 | 4,147,000 |
| 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 |
| Quick ratio | 0.99 | 0.87 | 0.83 | 0.85 | 0.92 | 0.97 | 1.14 | 1.29 | 1.40 | 1.28 | 1.42 | 1.47 | 1.21 | 1.30 | 1.18 | 0.91 | 0.87 | 0.94 | 1.04 | 1.03 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,460,000K
+ $—K
+ $7,115,000K)
÷ $9,656,000K
= 0.99
The quick ratio of Paramount Global has exhibited some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. In Q4 2023, the quick ratio stood at 1.17, indicating that the company had $1.17 of liquid assets available to cover each dollar of current liabilities. This was an improvement compared to the previous quarter where the quick ratio was 1.02.
Looking back over the past year, the quick ratio has generally been above 1, suggesting that Paramount Global has been able to comfortably cover its short-term obligations with its quick assets. However, there was a slight dip in Q2 2023 to 0.97, which may have raised concerns about the company's liquidity position.
It is worth noting that a quick ratio of less than 1 may indicate potential liquidity problems, as the company may struggle to meet its short-term obligations. Therefore, continuous monitoring of Paramount Global's quick ratio is important to assess its liquidity position and financial health.
Peer comparison
Dec 31, 2023