Paramount Global Class B (PARA)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	53,543,000	54,640,000	55,361,000	56,561,000	58,393,000	57,287,000	56,961,000	58,043,000	58,620,000	55,912,000	55,204,000	54,773,000	52,663,000	51,425,000	51,188,000	49,045,000	49,585,000	24,476,000	23,835,000	24,075,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 remained relatively stable over the past eight quarters, ranging from 0.27 to 0.29. This indicates that the company's level of debt in relation to its total assets has been consistent during this period. A lower debt-to-assets ratio typically suggests lower financial risk, as it indicates that a company has less debt relative to its asset base.

However, it is important to consider industry norms and the company's specific circumstances when evaluating the significance of the debt-to-assets ratio. A higher ratio may be acceptable or even desirable in certain industries or during periods of expansion, while a lower ratio may be preferred in more conservative financial management contexts.

Overall, Paramount Global's debt-to-assets ratio suggests a moderate level of leverage, indicating that the company has a reasonable balance between debt and assets. Further analysis of the company's financial health, profitability, and cash flow would provide a more comprehensive understanding of its overall financial position.