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.
Peer comparison
Dec 31, 2023