Current Ratio
since 2005
Calculation
Paramount Global, current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1.23 | = | 13,734) | ÷ | 11,191) |
| Dec 31, 2021 | 1.76 | = | 16,676) | ÷ | 9,479) |
| Dec 31, 2020 | 1.66 | = | 13,779) | ÷ | 8,296) |
| Dec 31, 2019 | 1.32 | = | 11,902) | ÷ | 9,048) |
| Dec 31, 2018 | 1.48 | = | 6,752) | ÷ | 4,573) |
| Dec 31, 2017 | 1.58 | = | 6,273) | ÷ | 3,972) |
| Dec 31, 2016 | 1.64 | = | 6,063) | ÷ | 3,708) |
| Dec 31, 2015 | 1.61 | = | 5,747) | ÷ | 3,560) |
| Dec 31, 2014 | 1.39 | = | 5,589) | ÷ | 4,033) |
| Dec 31, 2013 | 1.28 | = | 5,370) | ÷ | 4,207) |
| Dec 31, 2012 | 1.45 | = | 5,720) | ÷ | 3,941) |
| Dec 31, 2011 | 1.41 | = | 5,543) | ÷ | 3,933) |
| Dec 31, 2010 | 1.33 | = | 5,335) | ÷ | 4,026) |
| Dec 31, 2009 | 1.19 | = | 5,637) | ÷ | 4,747) |
| Dec 31, 2008 | 1.08 | = | 5,193) | ÷ | 4,801) |
| Dec 31, 2007 | 1.37 | = | 6,031) | ÷ | 4,405) |
| Dec 31, 2006 | 1.85 | = | 8,144) | ÷ | 4,400) |
| Dec 31, 2005 | 1.26 | = | 6,796) | ÷ | 5,379) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The liquidity profile from 2005 to 2022 demonstrates a consistent ability to cover short-term obligations, as the current ratio remained above 1.0 throughout the entire period. The financial structure is characterized by a long period of relative stability followed by a significant expansion in the scale of both current assets and liabilities starting in 2019.
- Liquidity Trend Analysis (2005–2018)
- During this period, the current ratio exhibited moderate volatility, peaking at 1.85 in 2006 and reaching a period low of 1.08 in 2008. A recovery phase followed, with the ratio generally improving and stabilizing between 1.39 and 1.64 from 2014 to 2017, suggesting a disciplined management of working capital during those years.
- Balance Sheet Expansion (2019–2021)
- A substantial increase in the volume of short-term accounts occurred starting in 2019. Current assets rose sharply from 6,752 million USD in 2018 to 11,902 million USD in 2019, eventually peaking at 16,676 million USD in 2021. This expansion was mirrored by a corresponding increase in current liabilities, which climbed from 4,573 million USD in 2018 to 9,479 million USD by 2021. Despite this increase in scale, the current ratio remained robust, reaching 1.76 in 2021.
- Recent Liquidity Contraction (2022)
- The most recent fiscal year indicates a downturn in liquidity metrics. The current ratio declined to 1.23 in 2022, the lowest level observed since 2013. This contraction is attributed to a simultaneous decrease in current assets to 13,734 million USD and a rise in current liabilities to a period high of 11,191 million USD, narrowing the margin of safety for short-term debt coverage.
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Comparison to Competitors
Paramount Global, current ratio, long-term trends, comparison to competitors
| Paramount Global | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Dec 31, 2022 | 1.23 | 2.38 | 0.78 | 2.20 | 1.17 | 1.00 |
| Dec 31, 2021 | 1.76 | 2.93 | 0.85 | 3.15 | 0.95 | 1.08 |
| Dec 31, 2020 | 1.66 | 3.07 | 0.93 | 5.05 | 1.25 | 1.32 |
| Dec 31, 2019 | 1.32 | 3.37 | 0.84 | 4.40 | 0.90 | 0.90 |
| Dec 31, 2018 | 1.48 | 3.92 | 0.79 | 7.19 | 1.49 | 0.94 |
| Dec 31, 2017 | 1.58 | 5.14 | 0.74 | 12.92 | 1.40 | 0.81 |
| Dec 31, 2016 | 1.64 | 6.29 | 0.76 | 11.97 | 1.25 | 1.01 |
| Dec 31, 2015 | 1.61 | 4.67 | 0.68 | 11.25 | 1.54 | 1.03 |
| Dec 31, 2014 | 1.39 | 4.80 | 0.78 | 9.60 | 1.48 | 1.14 |
| Dec 31, 2013 | 1.28 | 4.58 | 0.74 | 11.88 | 1.42 | 1.21 |
| Dec 31, 2012 | 1.45 | 4.22 | 1.20 | 10.71 | 1.34 | 1.07 |
| Dec 31, 2011 | 1.41 | 5.92 | 0.65 | — | 1.49 | 1.14 |
| Dec 31, 2010 | 1.33 | 4.16 | 1.08 | — | 1.65 | 1.11 |
| Dec 31, 2009 | 1.19 | 10.62 | 0.44 | — | 1.82 | 1.33 |
| Dec 31, 2008 | 1.08 | 8.77 | 0.42 | — | 1.67 | 1.01 |
| Dec 31, 2007 | 1.37 | 8.49 | 0.46 | — | 1.96 | 0.99 |
| Dec 31, 2006 | 1.85 | 10.00 | 0.70 | — | 2.21 | 0.94 |
| Dec 31, 2005 | 1.26 | 12.08 | 0.41 | — | 1.77 | 0.96 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Media & Entertainment)
Paramount Global, current ratio, long-term trends, comparison to sector (media & entertainment)
| Paramount Global | Media & Entertainment | |
|---|---|---|
| Dec 31, 2022 | 1.23 | 1.76 |
| Dec 31, 2021 | 1.76 | 2.08 |
| Dec 31, 2020 | 1.66 | 2.38 |
| Dec 31, 2019 | 1.32 | 2.16 |
| Dec 31, 2018 | 1.48 | 2.51 |
| Dec 31, 2017 | 1.58 | 2.85 |
| Dec 31, 2016 | 1.64 | 2.86 |
| Dec 31, 2015 | 1.61 | 2.47 |
| Dec 31, 2014 | 1.39 | 2.46 |
| Dec 31, 2013 | 1.28 | 2.35 |
| Dec 31, 2012 | 1.45 | 2.31 |
| Dec 31, 2011 | 1.41 | 2.17 |
| Dec 31, 2010 | 1.33 | 2.14 |
| Dec 31, 2009 | 1.19 | 2.33 |
| Dec 31, 2008 | 1.08 | 1.56 |
| Dec 31, 2007 | 1.37 | 1.51 |
| Dec 31, 2006 | 1.85 | 1.47 |
| Dec 31, 2005 | 1.26 | 1.27 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
Paramount Global, current ratio, long-term trends, comparison to industry (communication services)
| Paramount Global | Communication Services | |
|---|---|---|
| Dec 31, 2022 | 1.23 | 1.28 |
| Dec 31, 2021 | 1.76 | 1.41 |
| Dec 31, 2020 | 1.66 | 1.74 |
| Dec 31, 2019 | 1.32 | 1.49 |
| Dec 31, 2018 | 1.48 | 1.59 |
| Dec 31, 2017 | 1.58 | 1.65 |
| Dec 31, 2016 | 1.64 | 1.69 |
| Dec 31, 2015 | 1.61 | 1.45 |
| Dec 31, 2014 | 1.39 | 1.61 |
| Dec 31, 2013 | 1.28 | 1.90 |
| Dec 31, 2012 | 1.45 | 1.44 |
| Dec 31, 2011 | 1.41 | 1.35 |
| Dec 31, 2010 | 1.33 | 1.12 |
| Dec 31, 2009 | 1.19 | 1.08 |
| Dec 31, 2008 | 1.08 | 0.93 |
| Dec 31, 2007 | 1.37 | 0.89 |
| Dec 31, 2006 | 1.85 | 0.83 |
| Dec 31, 2005 | 1.26 | 0.78 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).