Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Paramount Global, liquidity ratios
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.23 | 1.76 | 1.66 | 1.32 | 1.48 | |
| Quick ratio | 0.92 | 1.40 | 1.21 | 0.87 | 0.95 | |
| Cash ratio | 0.26 | 0.66 | 0.36 | 0.07 | 0.07 |
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Paramount Global current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Paramount Global quick ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Paramount Global cash ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Current Ratio
Paramount Global, current ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| 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 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Alphabet Inc. | 2.38 | 2.93 | 3.07 | 3.37 | — | |
| Comcast Corp. | 0.78 | 0.85 | 0.93 | 0.84 | — | |
| Meta Platforms Inc. | 2.20 | 3.15 | 5.05 | 4.40 | — | |
| Netflix Inc. | 1.17 | 0.95 | 1.25 | 0.90 | — | |
| Walt Disney Co. | 1.00 | 1.08 | 1.32 | 0.90 | — | |
| Current Ratio, Sector | ||||||
| Media & Entertainment | 1.76 | 2.08 | 2.38 | 2.16 | — | |
| Current Ratio, Industry | ||||||
| Communication Services | 1.28 | 1.41 | 1.74 | 1.49 | — | |
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 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Paramount Global current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Quick Ratio
Paramount Global, quick ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 2,885) | 6,267) | 2,984) | 632) | 322) | |
| Receivables, net | 7,412) | 6,984) | 7,017) | 7,206) | 4,041) | |
| Total quick assets | 10,297) | 13,251) | 10,001) | 7,838) | 4,363) | |
| Current liabilities | 11,191) | 9,479) | 8,296) | 9,048) | 4,573) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.92 | 1.40 | 1.21 | 0.87 | 0.95 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Alphabet Inc. | 2.22 | 2.79 | 2.95 | 3.21 | — | |
| Comcast Corp. | 0.62 | 0.71 | 0.81 | 0.55 | — | |
| Meta Platforms Inc. | 2.01 | 2.94 | 4.89 | 4.28 | — | |
| Netflix Inc. | 1.12 | 0.91 | 1.22 | 0.87 | — | |
| Walt Disney Co. | 0.83 | 0.94 | 1.15 | 0.67 | — | |
| Quick Ratio, Sector | ||||||
| Media & Entertainment | 1.61 | 1.94 | 2.25 | 1.97 | — | |
| Quick Ratio, Industry | ||||||
| Communication Services | 1.08 | 1.22 | 1.53 | 1.26 | — | |
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
Quick ratio = Total quick assets ÷ Current liabilities
= 10,297 ÷ 11,191 = 0.92
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Paramount Global quick ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Cash Ratio
Paramount Global, cash ratio calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 2,885) | 6,267) | 2,984) | 632) | 322) | |
| Total cash assets | 2,885) | 6,267) | 2,984) | 632) | 322) | |
| Current liabilities | 11,191) | 9,479) | 8,296) | 9,048) | 4,573) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.26 | 0.66 | 0.36 | 0.07 | 0.07 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Alphabet Inc. | 1.64 | 2.17 | 2.41 | 2.65 | — | |
| Comcast Corp. | 0.17 | 0.30 | 0.41 | 0.18 | — | |
| Meta Platforms Inc. | 1.51 | 2.27 | 4.14 | 3.64 | — | |
| Netflix Inc. | 0.76 | 0.71 | 1.05 | 0.73 | — | |
| Walt Disney Co. | 0.40 | 0.51 | 0.67 | 0.17 | — | |
| Cash Ratio, Sector | ||||||
| Media & Entertainment | 1.10 | 1.42 | 1.75 | 1.48 | — | |
| Cash Ratio, Industry | ||||||
| Communication Services | 0.64 | 0.80 | 1.07 | 0.81 | — | |
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
Cash ratio = Total cash assets ÷ Current liabilities
= 2,885 ÷ 11,191 = 0.26
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Paramount Global cash ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |