Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Paramount Global, solvency ratios
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Paramount Global debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Paramount Global debt to equity ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Paramount Global debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Paramount Global debt to capital ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Paramount Global debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Paramount Global debt to assets ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Paramount Global financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Paramount Global interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Paramount Global fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Equity
Paramount Global, debt to equity 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 debt | 239) | 11) | 16) | 717) | 687) | |
| Long-term debt, net of current portion | 15,607) | 17,698) | 19,717) | 18,002) | 9,465) | |
| 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 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Alphabet Inc. | 0.06 | 0.06 | 0.07 | 0.02 | — | |
| Comcast Corp. | 1.17 | 0.99 | 1.15 | 1.24 | — | |
| Meta Platforms Inc. | 0.08 | 0.00 | 0.00 | 0.00 | — | |
| Netflix Inc. | 0.69 | 0.97 | 1.47 | 1.95 | — | |
| Walt Disney Co. | 0.51 | 0.62 | 0.71 | 0.53 | — | |
| Debt to Equity, Sector | ||||||
| Media & Entertainment | 0.32 | 0.31 | 0.36 | 0.35 | — | |
| Debt to Equity, Industry | ||||||
| Communication Services | 0.65 | 0.65 | 0.67 | 0.62 | — | |
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 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Paramount Global debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity (including Operating Lease Liability)
Paramount Global, debt to equity (including operating lease liability) 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 debt | 239) | 11) | 16) | 717) | 687) | |
| Long-term debt, net of current portion | 15,607) | 17,698) | 19,717) | 18,002) | 9,465) | |
| Total debt | 15,846) | 17,709) | 19,733) | 18,719) | 10,152) | |
| Operating lease liabilities (included in Other current liabilities) | 292) | 325) | 306) | 292) | —) | |
| Noncurrent operating lease liabilities | 1,428) | 1,598) | 1,583) | 1,909) | —) | |
| Total debt (including operating lease liability) | 17,566) | 19,632) | 21,622) | 20,920) | 10,152) | |
| Total Paramount stockholders’ equity | 23,036) | 22,402) | 15,371) | 13,207) | 2,804) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.76 | 0.88 | 1.41 | 1.58 | 3.62 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Alphabet Inc. | 0.12 | 0.11 | 0.13 | 0.08 | — | |
| Comcast Corp. | 1.26 | 1.06 | 1.20 | 1.29 | — | |
| Meta Platforms Inc. | 0.22 | 0.12 | 0.09 | 0.11 | — | |
| Netflix Inc. | 0.81 | 1.14 | 1.67 | 2.16 | — | |
| Walt Disney Co. | 0.55 | 0.66 | 0.75 | 0.53 | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.39 | 0.38 | 0.43 | 0.41 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.80 | 0.79 | 0.80 | 0.74 | — | |
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 (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Paramount stockholders’ equity
= 17,566 ÷ 23,036 = 0.76
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Paramount Global debt to equity ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital
Paramount Global, debt to capital 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 debt | 239) | 11) | 16) | 717) | 687) | |
| Long-term debt, net of current portion | 15,607) | 17,698) | 19,717) | 18,002) | 9,465) | |
| 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) | |
| 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 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Alphabet Inc. | 0.06 | 0.06 | 0.06 | 0.02 | — | |
| Comcast Corp. | 0.54 | 0.50 | 0.53 | 0.55 | — | |
| Meta Platforms Inc. | 0.08 | 0.00 | 0.00 | 0.00 | — | |
| Netflix Inc. | 0.41 | 0.49 | 0.60 | 0.66 | — | |
| Walt Disney Co. | 0.34 | 0.38 | 0.41 | 0.35 | — | |
| Debt to Capital, Sector | ||||||
| Media & Entertainment | 0.24 | 0.24 | 0.27 | 0.26 | — | |
| Debt to Capital, Industry | ||||||
| Communication Services | 0.39 | 0.40 | 0.40 | 0.38 | — | |
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 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Paramount Global debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital (including Operating Lease Liability)
Paramount Global, debt to capital (including operating lease liability) 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 debt | 239) | 11) | 16) | 717) | 687) | |
| Long-term debt, net of current portion | 15,607) | 17,698) | 19,717) | 18,002) | 9,465) | |
| Total debt | 15,846) | 17,709) | 19,733) | 18,719) | 10,152) | |
| Operating lease liabilities (included in Other current liabilities) | 292) | 325) | 306) | 292) | —) | |
| Noncurrent operating lease liabilities | 1,428) | 1,598) | 1,583) | 1,909) | —) | |
| Total debt (including operating lease liability) | 17,566) | 19,632) | 21,622) | 20,920) | 10,152) | |
| Total Paramount stockholders’ equity | 23,036) | 22,402) | 15,371) | 13,207) | 2,804) | |
| Total capital (including operating lease liability) | 40,602) | 42,034) | 36,993) | 34,127) | 12,956) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.43 | 0.47 | 0.58 | 0.61 | 0.78 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Alphabet Inc. | 0.10 | 0.10 | 0.11 | 0.07 | — | |
| Comcast Corp. | 0.56 | 0.52 | 0.55 | 0.56 | — | |
| Meta Platforms Inc. | 0.18 | 0.10 | 0.08 | 0.10 | — | |
| Netflix Inc. | 0.45 | 0.53 | 0.63 | 0.68 | — | |
| Walt Disney Co. | 0.35 | 0.40 | 0.43 | 0.35 | — | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.28 | 0.28 | 0.30 | 0.29 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.44 | 0.44 | 0.44 | 0.43 | — | |
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 (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 17,566 ÷ 40,602 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Paramount Global debt to capital ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets
Paramount Global, debt to assets 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 debt | 239) | 11) | 16) | 717) | 687) | |
| Long-term debt, net of current portion | 15,607) | 17,698) | 19,717) | 18,002) | 9,465) | |
| Total debt | 15,846) | 17,709) | 19,733) | 18,719) | 10,152) | |
| Total assets | 58,393) | 58,620) | 52,663) | 49,519) | 21,859) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.27 | 0.30 | 0.37 | 0.38 | 0.46 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Alphabet Inc. | 0.04 | 0.04 | 0.05 | 0.02 | — | |
| Comcast Corp. | 0.37 | 0.34 | 0.38 | 0.39 | — | |
| Meta Platforms Inc. | 0.06 | 0.00 | 0.00 | 0.00 | — | |
| Netflix Inc. | 0.30 | 0.35 | 0.42 | 0.43 | — | |
| Walt Disney Co. | 0.24 | 0.27 | 0.29 | 0.24 | — | |
| Debt to Assets, Sector | ||||||
| Media & Entertainment | 0.17 | 0.17 | 0.20 | 0.19 | — | |
| Debt to Assets, Industry | ||||||
| Communication Services | 0.27 | 0.27 | 0.27 | 0.26 | — | |
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
Debt to assets = Total debt ÷ Total assets
= 15,846 ÷ 58,393 = 0.27
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Paramount Global debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
Paramount Global, debt to assets (including operating lease liability) 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 debt | 239) | 11) | 16) | 717) | 687) | |
| Long-term debt, net of current portion | 15,607) | 17,698) | 19,717) | 18,002) | 9,465) | |
| Total debt | 15,846) | 17,709) | 19,733) | 18,719) | 10,152) | |
| Operating lease liabilities (included in Other current liabilities) | 292) | 325) | 306) | 292) | —) | |
| Noncurrent operating lease liabilities | 1,428) | 1,598) | 1,583) | 1,909) | —) | |
| Total debt (including operating lease liability) | 17,566) | 19,632) | 21,622) | 20,920) | 10,152) | |
| Total assets | 58,393) | 58,620) | 52,663) | 49,519) | 21,859) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.30 | 0.33 | 0.41 | 0.42 | 0.46 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Alphabet Inc. | 0.08 | 0.08 | 0.09 | 0.06 | — | |
| Comcast Corp. | 0.39 | 0.37 | 0.40 | 0.41 | — | |
| Meta Platforms Inc. | 0.15 | 0.09 | 0.07 | 0.08 | — | |
| Netflix Inc. | 0.35 | 0.41 | 0.47 | 0.48 | — | |
| Walt Disney Co. | 0.26 | 0.29 | 0.31 | 0.24 | — | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.22 | 0.21 | 0.23 | 0.22 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.33 | 0.33 | 0.33 | 0.31 | — | |
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 assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 17,566 ÷ 58,393 = 0.30
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Paramount Global debt to assets ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
Financial Leverage
Paramount Global, financial leverage 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) | ||||||
| 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 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Alphabet Inc. | 1.43 | 1.43 | 1.44 | 1.37 | — | |
| Comcast Corp. | 3.18 | 2.87 | 3.03 | 3.18 | — | |
| Meta Platforms Inc. | 1.48 | 1.33 | 1.24 | 1.32 | — | |
| Netflix Inc. | 2.34 | 2.81 | 3.55 | 4.48 | — | |
| Walt Disney Co. | 2.14 | 2.30 | 2.41 | 2.18 | — | |
| Financial Leverage, Sector | ||||||
| Media & Entertainment | 1.83 | 1.82 | 1.85 | 1.87 | — | |
| Financial Leverage, Industry | ||||||
| Communication Services | 2.45 | 2.43 | 2.45 | 2.42 | — | |
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 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Paramount Global financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022. |
Interest Coverage
Paramount Global, interest coverage 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) | ||||||
| Net earnings attributable to Paramount | 1,104) | 4,543) | 2,422) | 3,308) | 1,960) | |
| Add: Net income attributable to noncontrolling interest | 110) | 88) | 279) | 31) | —) | |
| Less: Net earnings from discontinued operations, net of tax | 379) | 162) | 117) | 38) | —) | |
| Add: Income tax expense | 227) | 646) | 535) | (9) | 273) | |
| Add: Interest expense | 931) | 986) | 1,031) | 962) | 467) | |
| Earnings before interest and tax (EBIT) | 1,993) | 6,101) | 4,150) | 4,254) | 2,700) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 2.14 | 6.19 | 4.03 | 4.42 | 5.78 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Alphabet Inc. | 200.80 | 263.24 | 357.16 | 397.25 | — | |
| Comcast Corp. | 3.38 | 5.46 | 4.07 | 4.72 | — | |
| Meta Platforms Inc. | 164.74 | 3,153.27 | 2,371.00 | 1,241.60 | — | |
| Netflix Inc. | 8.45 | 8.63 | 5.17 | 4.29 | — | |
| Walt Disney Co. | 4.41 | 2.66 | -0.06 | 12.19 | — | |
| Interest Coverage, Sector | ||||||
| Media & Entertainment | 18.95 | 24.80 | 14.53 | 15.86 | — | |
| Interest Coverage, Industry | ||||||
| Communication Services | 8.50 | 11.90 | 6.51 | 7.88 | — | |
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
Interest coverage = EBIT ÷ Interest expense
= 1,993 ÷ 931 = 2.14
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Paramount Global interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Fixed Charge Coverage
Paramount Global, fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| U.S. federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% | 21.00% | |
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings attributable to Paramount | 1,104) | 4,543) | 2,422) | 3,308) | 1,960) | |
| Add: Net income attributable to noncontrolling interest | 110) | 88) | 279) | 31) | —) | |
| Less: Net earnings from discontinued operations, net of tax | 379) | 162) | 117) | 38) | —) | |
| Add: Income tax expense | 227) | 646) | 535) | (9) | 273) | |
| Add: Interest expense | 931) | 986) | 1,031) | 962) | 467) | |
| Earnings before interest and tax (EBIT) | 1,993) | 6,101) | 4,150) | 4,254) | 2,700) | |
| Add: Operating lease cost | 373) | 374) | 379) | 406) | 212) | |
| Earnings before fixed charges and tax | 2,366) | 6,475) | 4,529) | 4,660) | 2,912) | |
| Interest expense | 931) | 986) | 1,031) | 962) | 467) | |
| Operating lease cost | 373) | 374) | 379) | 406) | 212) | |
| Preferred stock dividends | 58) | 44) | —) | —) | —) | |
| Preferred stock dividends, tax adjustment1 | 15) | 12) | —) | —) | —) | |
| Preferred stock dividends, after tax adjustment | 73) | 56) | —) | —) | —) | |
| Fixed charges | 1,377) | 1,416) | 1,410) | 1,368) | 679) | |
| Solvency Ratio | ||||||
| Fixed charge coverage2 | 1.72 | 4.57 | 3.21 | 3.41 | 4.29 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors3 | ||||||
| Alphabet Inc. | 18.42 | 25.06 | 16.92 | 17.10 | — | |
| Comcast Corp. | 2.82 | 4.48 | 3.47 | 4.00 | — | |
| Meta Platforms Inc. | 15.18 | 31.41 | 24.62 | 22.41 | — | |
| Netflix Inc. | 5.00 | 5.46 | 3.65 | 2.92 | — | |
| Walt Disney Co. | 3.25 | 2.07 | 0.32 | 6.94 | — | |
| Fixed Charge Coverage, Sector | ||||||
| Media & Entertainment | 9.06 | 12.40 | 7.98 | 8.67 | — | |
| Fixed Charge Coverage, Industry | ||||||
| Communication Services | 4.25 | 5.95 | 3.73 | 4.58 | — | |
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
Preferred stock dividends, tax adjustment = (Preferred stock dividends × U.S. federal statutory income tax rate) ÷ (1 − U.S. federal statutory income tax rate)
= (58 × 21.00%) ÷ (1 − 21.00%) = 15
2 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 2,366 ÷ 1,377 = 1.72
3 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Paramount Global fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |