Paramount Global Class B (PARA)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 22,526,000 | 21,864,000 | 21,655,000 | 21,851,000 | 23,036,000 | 22,647,000 | 22,776,000 | 22,664,000 | 22,402,000 | 20,559,000 | 20,098,000 | 19,171,000 | 15,371,000 | 14,556,000 | 13,874,000 | 13,449,000 | 13,207,000 | 5,052,000 | 4,753,000 | 4,349,000 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $22,526,000K
= 0.00
Paramount Global's debt-to-equity ratio has shown fluctuations over the past eight quarters, ranging from 0.65 to 0.74. In Q4 2023, the ratio stood at 0.65, indicating that the company had $0.65 in debt for every $1 of equity. This marks a decrease from the previous quarter, where the ratio was 0.72.
Overall, Paramount Global has maintained a relatively stable debt-to-equity ratio between 0.65 and 0.74 over the past two years. A ratio below 1 typically indicates that the company relies more on equity financing than debt financing, which suggests a lower financial risk. However, a decreasing trend in the ratio may also indicate that the company is paying off its debt or experiencing growth in equity.
It is important to monitor Paramount Global's debt-to-equity ratio over time to assess its leverage and financial health accurately. A thorough analysis of other financial metrics and industry benchmarks would provide a more comprehensive evaluation of the company's financial position.
Peer comparison
Dec 31, 2023