Stock Analysis on Net
Stock Analysis on Net

Paramount Global (NASDAQ:PARA)

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Paramount Global, adjusted financial ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Activity Ratio
Total Asset Turnover
Reported 0.52 0.49 0.48 0.56 0.66
Adjusted 0.52 0.50 0.49 0.57 0.64
Liquidity Ratio
Current Ratio
Reported 1.23 1.76 1.66 1.32 1.48
Adjusted 1.35 2.00 1.89 1.44 1.56
Solvency Ratios
Debt to Equity
Reported 0.69 0.79 1.28 1.42 3.62
Adjusted 0.71 0.80 1.23 1.44 3.11
Debt to Capital
Reported 0.41 0.44 0.56 0.59 0.78
Adjusted 0.41 0.45 0.55 0.59 0.76
Financial Leverage
Reported 2.53 2.62 3.43 3.75 7.80
Adjusted 2.30 2.36 2.94 3.36 6.40
Profitability Ratios
Net Profit Margin
Reported 3.66% 15.89% 9.58% 11.89% 13.50%
Adjusted 2.75% 15.29% 11.88% 9.59% 12.96%
Return on Equity (ROE)
Reported 4.79% 20.28% 15.76% 25.05% 69.90%
Adjusted 3.31% 17.96% 17.20% 18.50% 52.77%
Return on Assets (ROA)
Reported 1.89% 7.75% 4.60% 6.68% 8.97%
Adjusted 1.44% 7.62% 5.85% 5.51% 8.24%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Paramount Global adjusted total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Paramount Global adjusted current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Paramount Global adjusted debt-to-equity ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Paramount Global adjusted debt-to-capital ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Paramount Global adjusted financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Paramount Global adjusted net profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Paramount Global adjusted ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Paramount Global adjusted ROA improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Paramount Global, Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Revenues 30,154 28,586 25,285 27,812 14,514
Total assets 58,393 58,620 52,663 49,519 21,859
Activity Ratio
Total asset turnover1 0.52 0.49 0.48 0.56 0.66
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenues2 30,014 28,666 25,497 27,977 14,504
Adjusted total assets3 57,262 57,494 51,755 48,666 22,802
Activity Ratio
Adjusted total asset turnover4 0.52 0.50 0.49 0.57 0.64

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).

1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 30,154 ÷ 58,393 = 0.52

2 Adjusted revenues. See details »

3 Adjusted total assets. See details »

4 2022 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 30,014 ÷ 57,262 = 0.52

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Paramount Global adjusted total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Current assets 13,734 16,676 13,779 11,902 6,752
Current liabilities 11,191 9,479 8,296 9,048 4,573
Liquidity Ratio
Current ratio1 1.23 1.76 1.66 1.32 1.48
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 13,845 16,756 13,864 11,988 6,793
Adjusted current liabilities3 10,218 8,388 7,318 8,309 4,351
Liquidity Ratio
Adjusted current ratio4 1.35 2.00 1.89 1.44 1.56

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).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 13,734 ÷ 11,191 = 1.23

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2022 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 13,845 ÷ 10,218 = 1.35

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Paramount Global adjusted current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 15,846 17,709 19,733 18,719 10,152
Total Paramount stockholders’ equity 23,036 22,402 15,371 13,207 2,804
Solvency Ratio
Debt to equity1 0.69 0.79 1.28 1.42 3.62
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 17,566 19,632 21,622 20,920 11,083
Adjusted total equity3 24,914 24,404 17,615 14,500 3,561
Solvency Ratio
Adjusted debt to equity4 0.71 0.80 1.23 1.44 3.11

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).

1 2022 Calculation
Debt to equity = Total debt ÷ Total Paramount stockholders’ equity
= 15,846 ÷ 23,036 = 0.69

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2022 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 17,566 ÷ 24,914 = 0.71

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Paramount Global adjusted debt-to-equity ratio improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 15,846 17,709 19,733 18,719 10,152
Total capital 38,882 40,111 35,104 31,926 12,956
Solvency Ratio
Debt to capital1 0.41 0.44 0.56 0.59 0.78
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 17,566 19,632 21,622 20,920 11,083
Adjusted total capital3 42,480 44,036 39,237 35,420 14,644
Solvency Ratio
Adjusted debt to capital4 0.41 0.45 0.55 0.59 0.76

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).

1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 15,846 ÷ 38,882 = 0.41

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2022 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 17,566 ÷ 42,480 = 0.41

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Paramount Global adjusted debt-to-capital ratio improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total assets 58,393 58,620 52,663 49,519 21,859
Total Paramount stockholders’ equity 23,036 22,402 15,371 13,207 2,804
Solvency Ratio
Financial leverage1 2.53 2.62 3.43 3.75 7.80
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 57,262 57,494 51,755 48,666 22,802
Adjusted total equity3 24,914 24,404 17,615 14,500 3,561
Solvency Ratio
Adjusted financial leverage4 2.30 2.36 2.94 3.36 6.40

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).

1 2022 Calculation
Financial leverage = Total assets ÷ Total Paramount stockholders’ equity
= 58,393 ÷ 23,036 = 2.53

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2022 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 57,262 ÷ 24,914 = 2.30

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Paramount Global adjusted financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to Paramount 1,104 4,543 2,422 3,308 1,960
Revenues 30,154 28,586 25,285 27,812 14,514
Profitability Ratio
Net profit margin1 3.66% 15.89% 9.58% 11.89% 13.50%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings, Paramount and noncontrolling interests2 824 4,383 3,030 2,683 1,879
Adjusted revenues3 30,014 28,666 25,497 27,977 14,504
Profitability Ratio
Adjusted net profit margin4 2.75% 15.29% 11.88% 9.59% 12.96%

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).

1 2022 Calculation
Net profit margin = 100 × Net earnings attributable to Paramount ÷ Revenues
= 100 × 1,104 ÷ 30,154 = 3.66%

2 Adjusted net earnings, Paramount and noncontrolling interests. See details »

3 Adjusted revenues. See details »

4 2022 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings, Paramount and noncontrolling interests ÷ Adjusted revenues
= 100 × 824 ÷ 30,014 = 2.75%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Paramount Global adjusted net profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to Paramount 1,104 4,543 2,422 3,308 1,960
Total Paramount stockholders’ equity 23,036 22,402 15,371 13,207 2,804
Profitability Ratio
ROE1 4.79% 20.28% 15.76% 25.05% 69.90%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings, Paramount and noncontrolling interests2 824 4,383 3,030 2,683 1,879
Adjusted total equity3 24,914 24,404 17,615 14,500 3,561
Profitability Ratio
Adjusted ROE4 3.31% 17.96% 17.20% 18.50% 52.77%

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).

1 2022 Calculation
ROE = 100 × Net earnings attributable to Paramount ÷ Total Paramount stockholders’ equity
= 100 × 1,104 ÷ 23,036 = 4.79%

2 Adjusted net earnings, Paramount and noncontrolling interests. See details »

3 Adjusted total equity. See details »

4 2022 Calculation
Adjusted ROE = 100 × Adjusted net earnings, Paramount and noncontrolling interests ÷ Adjusted total equity
= 100 × 824 ÷ 24,914 = 3.31%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Paramount Global adjusted ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to Paramount 1,104 4,543 2,422 3,308 1,960
Total assets 58,393 58,620 52,663 49,519 21,859
Profitability Ratio
ROA1 1.89% 7.75% 4.60% 6.68% 8.97%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings, Paramount and noncontrolling interests2 824 4,383 3,030 2,683 1,879
Adjusted total assets3 57,262 57,494 51,755 48,666 22,802
Profitability Ratio
Adjusted ROA4 1.44% 7.62% 5.85% 5.51% 8.24%

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).

1 2022 Calculation
ROA = 100 × Net earnings attributable to Paramount ÷ Total assets
= 100 × 1,104 ÷ 58,393 = 1.89%

2 Adjusted net earnings, Paramount and noncontrolling interests. See details »

3 Adjusted total assets. See details »

4 2022 Calculation
Adjusted ROA = 100 × Adjusted net earnings, Paramount and noncontrolling interests ÷ Adjusted total assets
= 100 × 824 ÷ 57,262 = 1.44%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Paramount Global adjusted ROA improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.