Paramount Global Class B (PARA)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 22,526,000 | 23,036,000 | 22,402,000 | 15,371,000 | 13,207,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $22,526,000K
= 0.00
Paramount Global's debt-to-equity ratio has shown a decreasing trend over the past five years, indicating a reduction in the company's reliance on debt to finance its operations and investments. The ratio has decreased from 1.42 in 2019 to 0.65 in 2023, suggesting that the company has been successful in managing its debt levels relative to its equity. This improvement may indicate stronger financial stability and less financial risk for the company. Overall, the decreasing trend in the debt-to-equity ratio reflects a positive development in Paramount Global's financial health and capital structure.
Peer comparison
Dec 31, 2023