Paramount Global Class B (PARA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 53,543,000 | 58,393,000 | 58,620,000 | 52,663,000 | 49,585,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $53,543,000K
= 0.00
Paramount Global's debt-to-assets ratio has shown a decreasing trend from 0.38 in 2019 to 0.27 in 2023. This indicates that the company's reliance on debt to finance its operations and investments has decreased over the years. A lower debt-to-assets ratio typically suggests a lower financial risk as it indicates a lower proportion of debt in relation to the company's total assets. This trend may signify improved financial stability and a stronger balance sheet position for Paramount Global.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
Paramount Global Class B
PARA
0.00
Fox Corp Class A
FOXA
0.30
Fox Corp Class B
FOX
0.30
Nexstar Broadcasting Group Inc
NXST
0.56
Tegna Inc
TGNA
0.44