Analysis of Solvency Ratios
Quarterly Data
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 (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| 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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to equity (including operating lease liability) ratio | 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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| 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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to capital (including operating lease liability) ratio | 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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Paramount Global debt to assets ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Debt to assets (including operating lease liability) ratio | 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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Paramount Global financial leverage ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Paramount Global interest coverage ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Debt to Equity
Paramount Global, debt to equity calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current debt | 240) | 239) | 196) | 37) | 15) | 11) | 15) | 17) | 19) | 16) | 18) | 364) | 532) | 717) | 60) | 11) | 11) | 687) | 388) | 386) | 236) | |||||||
| Long-term debt, net of current portion | 15,613) | 15,607) | 15,638) | 15,773) | 16,797) | 17,698) | 17,696) | 17,703) | 17,768) | 19,717) | 19,703) | 19,704) | 18,005) | 18,002) | 9,359) | 9,359) | 9,358) | 9,465) | 9,465) | 9,464) | 9,470) | |||||||
| Total debt | 15,853) | 15,846) | 15,834) | 15,810) | 16,812) | 17,709) | 17,711) | 17,720) | 17,787) | 19,733) | 19,721) | 20,068) | 18,537) | 18,719) | 9,419) | 9,370) | 9,369) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Total Paramount stockholders’ equity | 21,851) | 23,036) | 22,647) | 22,776) | 22,664) | 22,402) | 20,559) | 20,098) | 19,171) | 15,371) | 14,556) | 13,874) | 13,449) | 13,207) | 5,052) | 4,753) | 4,349) | 2,804) | 2,514) | 2,167) | 1,983) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity1 | 0.73 | 0.69 | 0.70 | 0.69 | 0.74 | 0.79 | 0.86 | 0.88 | 0.93 | 1.28 | 1.35 | 1.45 | 1.38 | 1.42 | 1.86 | 1.97 | 2.15 | 3.62 | 3.92 | 4.55 | 4.89 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | — | — | — | — | |||||||
| Comcast Corp. | 1.16 | 1.17 | 1.15 | 1.02 | 1.00 | 0.99 | 1.01 | 1.04 | 1.12 | 1.15 | 1.21 | 1.25 | 1.27 | 1.24 | 1.29 | 1.40 | 1.46 | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.08 | 0.08 | 0.08 | 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 | — | — | — | — | |||||||
| Netflix Inc. | 0.66 | 0.69 | 0.68 | 0.75 | 0.83 | 0.97 | 1.01 | 1.13 | 1.21 | 1.47 | 1.55 | 1.69 | 1.74 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 0.50 | 0.51 | 0.56 | 0.57 | 0.60 | 0.61 | 0.64 | 0.66 | 0.69 | 0.70 | 0.75 | 0.61 | 0.54 | 0.53 | 0.64 | 0.63 | 0.41 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to equity = Total debt ÷ Total Paramount stockholders’ equity
= 15,853 ÷ 21,851 = 0.73
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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Equity (including Operating Lease Liability)
Paramount Global, debt to equity (including operating lease liability) calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current debt | 240) | 239) | 196) | 37) | 15) | 11) | 15) | 17) | 19) | 16) | 18) | 364) | 532) | 717) | 60) | 11) | 11) | 687) | 388) | 386) | 236) | |||||||
| Long-term debt, net of current portion | 15,613) | 15,607) | 15,638) | 15,773) | 16,797) | 17,698) | 17,696) | 17,703) | 17,768) | 19,717) | 19,703) | 19,704) | 18,005) | 18,002) | 9,359) | 9,359) | 9,358) | 9,465) | 9,465) | 9,464) | 9,470) | |||||||
| Total debt | 15,853) | 15,846) | 15,834) | 15,810) | 16,812) | 17,709) | 17,711) | 17,720) | 17,787) | 19,733) | 19,721) | 20,068) | 18,537) | 18,719) | 9,419) | 9,370) | 9,369) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Noncurrent operating lease liabilities | 1,398) | 1,428) | 1,468) | 1,514) | 1,579) | 1,598) | 1,525) | 1,472) | 1,517) | 1,583) | 1,769) | 1,816) | 1,841) | 1,909) | 948) | 858) | 866) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 17,251) | 17,274) | 17,302) | 17,324) | 18,391) | 19,307) | 19,236) | 19,192) | 19,304) | 21,316) | 21,490) | 21,884) | 20,378) | 20,628) | 10,367) | 10,228) | 10,235) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Total Paramount stockholders’ equity | 21,851) | 23,036) | 22,647) | 22,776) | 22,664) | 22,402) | 20,559) | 20,098) | 19,171) | 15,371) | 14,556) | 13,874) | 13,449) | 13,207) | 5,052) | 4,753) | 4,349) | 2,804) | 2,514) | 2,167) | 1,983) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.79 | 0.75 | 0.76 | 0.76 | 0.81 | 0.86 | 0.94 | 0.95 | 1.01 | 1.39 | 1.48 | 1.58 | 1.52 | 1.56 | 2.05 | 2.15 | 2.35 | 3.62 | 3.92 | 4.55 | 4.89 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 0.10 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.07 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.22 | 0.21 | 0.21 | 0.13 | 0.11 | 0.11 | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.09 | 0.08 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Paramount stockholders’ equity
= 17,251 ÷ 21,851 = 0.79
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | 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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Capital
Paramount Global, debt to capital calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current debt | 240) | 239) | 196) | 37) | 15) | 11) | 15) | 17) | 19) | 16) | 18) | 364) | 532) | 717) | 60) | 11) | 11) | 687) | 388) | 386) | 236) | |||||||
| Long-term debt, net of current portion | 15,613) | 15,607) | 15,638) | 15,773) | 16,797) | 17,698) | 17,696) | 17,703) | 17,768) | 19,717) | 19,703) | 19,704) | 18,005) | 18,002) | 9,359) | 9,359) | 9,358) | 9,465) | 9,465) | 9,464) | 9,470) | |||||||
| Total debt | 15,853) | 15,846) | 15,834) | 15,810) | 16,812) | 17,709) | 17,711) | 17,720) | 17,787) | 19,733) | 19,721) | 20,068) | 18,537) | 18,719) | 9,419) | 9,370) | 9,369) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Total Paramount stockholders’ equity | 21,851) | 23,036) | 22,647) | 22,776) | 22,664) | 22,402) | 20,559) | 20,098) | 19,171) | 15,371) | 14,556) | 13,874) | 13,449) | 13,207) | 5,052) | 4,753) | 4,349) | 2,804) | 2,514) | 2,167) | 1,983) | |||||||
| Total capital | 37,704) | 38,882) | 38,481) | 38,586) | 39,476) | 40,111) | 38,270) | 37,818) | 36,958) | 35,104) | 34,277) | 33,942) | 31,986) | 31,926) | 14,471) | 14,123) | 13,718) | 12,956) | 12,367) | 12,017) | 11,689) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital1 | 0.42 | 0.41 | 0.41 | 0.41 | 0.43 | 0.44 | 0.46 | 0.47 | 0.48 | 0.56 | 0.58 | 0.59 | 0.58 | 0.59 | 0.65 | 0.66 | 0.68 | 0.78 | 0.80 | 0.82 | 0.83 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | — | — | — | — | |||||||
| Comcast Corp. | 0.54 | 0.54 | 0.54 | 0.51 | 0.50 | 0.50 | 0.50 | 0.51 | 0.53 | 0.53 | 0.55 | 0.56 | 0.56 | 0.55 | 0.56 | 0.58 | 0.59 | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.07 | 0.07 | 0.07 | 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 | — | — | — | — | |||||||
| Netflix Inc. | 0.40 | 0.41 | 0.40 | 0.43 | 0.45 | 0.49 | 0.50 | 0.53 | 0.55 | 0.60 | 0.61 | 0.63 | 0.64 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 0.33 | 0.34 | 0.36 | 0.36 | 0.38 | 0.38 | 0.39 | 0.40 | 0.41 | 0.41 | 0.43 | 0.38 | 0.35 | 0.35 | 0.39 | 0.39 | 0.29 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 15,853 ÷ 37,704 = 0.42
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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Capital (including Operating Lease Liability)
Paramount Global, debt to capital (including operating lease liability) calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current debt | 240) | 239) | 196) | 37) | 15) | 11) | 15) | 17) | 19) | 16) | 18) | 364) | 532) | 717) | 60) | 11) | 11) | 687) | 388) | 386) | 236) | |||||||
| Long-term debt, net of current portion | 15,613) | 15,607) | 15,638) | 15,773) | 16,797) | 17,698) | 17,696) | 17,703) | 17,768) | 19,717) | 19,703) | 19,704) | 18,005) | 18,002) | 9,359) | 9,359) | 9,358) | 9,465) | 9,465) | 9,464) | 9,470) | |||||||
| Total debt | 15,853) | 15,846) | 15,834) | 15,810) | 16,812) | 17,709) | 17,711) | 17,720) | 17,787) | 19,733) | 19,721) | 20,068) | 18,537) | 18,719) | 9,419) | 9,370) | 9,369) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Noncurrent operating lease liabilities | 1,398) | 1,428) | 1,468) | 1,514) | 1,579) | 1,598) | 1,525) | 1,472) | 1,517) | 1,583) | 1,769) | 1,816) | 1,841) | 1,909) | 948) | 858) | 866) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 17,251) | 17,274) | 17,302) | 17,324) | 18,391) | 19,307) | 19,236) | 19,192) | 19,304) | 21,316) | 21,490) | 21,884) | 20,378) | 20,628) | 10,367) | 10,228) | 10,235) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Total Paramount stockholders’ equity | 21,851) | 23,036) | 22,647) | 22,776) | 22,664) | 22,402) | 20,559) | 20,098) | 19,171) | 15,371) | 14,556) | 13,874) | 13,449) | 13,207) | 5,052) | 4,753) | 4,349) | 2,804) | 2,514) | 2,167) | 1,983) | |||||||
| Total capital (including operating lease liability) | 39,102) | 40,310) | 39,949) | 40,100) | 41,055) | 41,709) | 39,795) | 39,290) | 38,475) | 36,687) | 36,046) | 35,758) | 33,827) | 33,835) | 15,419) | 14,981) | 14,584) | 12,956) | 12,367) | 12,017) | 11,689) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.44 | 0.43 | 0.43 | 0.43 | 0.45 | 0.46 | 0.48 | 0.49 | 0.50 | 0.58 | 0.60 | 0.61 | 0.60 | 0.61 | 0.67 | 0.68 | 0.70 | 0.78 | 0.80 | 0.82 | 0.83 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 0.09 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.18 | 0.17 | 0.17 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 17,251 ÷ 39,102 = 0.44
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | 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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Assets
Paramount Global, debt to assets calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current debt | 240) | 239) | 196) | 37) | 15) | 11) | 15) | 17) | 19) | 16) | 18) | 364) | 532) | 717) | 60) | 11) | 11) | 687) | 388) | 386) | 236) | |||||||
| Long-term debt, net of current portion | 15,613) | 15,607) | 15,638) | 15,773) | 16,797) | 17,698) | 17,696) | 17,703) | 17,768) | 19,717) | 19,703) | 19,704) | 18,005) | 18,002) | 9,359) | 9,359) | 9,358) | 9,465) | 9,465) | 9,464) | 9,470) | |||||||
| Total debt | 15,853) | 15,846) | 15,834) | 15,810) | 16,812) | 17,709) | 17,711) | 17,720) | 17,787) | 19,733) | 19,721) | 20,068) | 18,537) | 18,719) | 9,419) | 9,370) | 9,369) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Total assets | 56,561) | 58,393) | 57,287) | 56,961) | 58,043) | 58,620) | 55,912) | 55,204) | 54,773) | 52,663) | 51,425) | 51,188) | 49,045) | 49,519) | 24,476) | 23,835) | 24,075) | 21,859) | 21,068) | 20,385) | 20,591) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets1 | 0.28 | 0.27 | 0.28 | 0.28 | 0.29 | 0.30 | 0.32 | 0.32 | 0.32 | 0.37 | 0.38 | 0.39 | 0.38 | 0.38 | 0.38 | 0.39 | 0.39 | 0.46 | 0.47 | 0.48 | 0.47 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | — | — | — | — | |||||||
| Comcast Corp. | 0.37 | 0.37 | 0.36 | 0.35 | 0.35 | 0.34 | 0.35 | 0.36 | 0.37 | 0.38 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.42 | 0.43 | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.05 | 0.05 | 0.06 | 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 | — | — | — | — | |||||||
| Netflix Inc. | 0.29 | 0.30 | 0.29 | 0.31 | 0.32 | 0.35 | 0.36 | 0.38 | 0.39 | 0.42 | 0.42 | 0.42 | 0.42 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 0.24 | 0.24 | 0.25 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.29 | 0.29 | 0.31 | 0.27 | 0.24 | 0.24 | 0.28 | 0.27 | 0.21 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 15,853 ÷ 56,561 = 0.28
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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Debt to Assets (including Operating Lease Liability)
Paramount Global, debt to assets (including operating lease liability) calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current debt | 240) | 239) | 196) | 37) | 15) | 11) | 15) | 17) | 19) | 16) | 18) | 364) | 532) | 717) | 60) | 11) | 11) | 687) | 388) | 386) | 236) | |||||||
| Long-term debt, net of current portion | 15,613) | 15,607) | 15,638) | 15,773) | 16,797) | 17,698) | 17,696) | 17,703) | 17,768) | 19,717) | 19,703) | 19,704) | 18,005) | 18,002) | 9,359) | 9,359) | 9,358) | 9,465) | 9,465) | 9,464) | 9,470) | |||||||
| Total debt | 15,853) | 15,846) | 15,834) | 15,810) | 16,812) | 17,709) | 17,711) | 17,720) | 17,787) | 19,733) | 19,721) | 20,068) | 18,537) | 18,719) | 9,419) | 9,370) | 9,369) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Noncurrent operating lease liabilities | 1,398) | 1,428) | 1,468) | 1,514) | 1,579) | 1,598) | 1,525) | 1,472) | 1,517) | 1,583) | 1,769) | 1,816) | 1,841) | 1,909) | 948) | 858) | 866) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 17,251) | 17,274) | 17,302) | 17,324) | 18,391) | 19,307) | 19,236) | 19,192) | 19,304) | 21,316) | 21,490) | 21,884) | 20,378) | 20,628) | 10,367) | 10,228) | 10,235) | 10,152) | 9,853) | 9,850) | 9,706) | |||||||
| Total assets | 56,561) | 58,393) | 57,287) | 56,961) | 58,043) | 58,620) | 55,912) | 55,204) | 54,773) | 52,663) | 51,425) | 51,188) | 49,045) | 49,519) | 24,476) | 23,835) | 24,075) | 21,859) | 21,068) | 20,385) | 20,591) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.30 | 0.30 | 0.30 | 0.30 | 0.32 | 0.33 | 0.34 | 0.35 | 0.35 | 0.40 | 0.42 | 0.43 | 0.42 | 0.42 | 0.42 | 0.43 | 0.43 | 0.46 | 0.47 | 0.48 | 0.47 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | — | — | — | — | |||||||
| Meta Platforms Inc. | 0.15 | 0.14 | 0.14 | 0.09 | 0.09 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.07 | 0.08 | 0.07 | 0.07 | 0.07 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 17,251 ÷ 56,561 = 0.30
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | 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 Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Financial Leverage
Paramount Global, financial leverage calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Total assets | 56,561) | 58,393) | 57,287) | 56,961) | 58,043) | 58,620) | 55,912) | 55,204) | 54,773) | 52,663) | 51,425) | 51,188) | 49,045) | 49,519) | 24,476) | 23,835) | 24,075) | 21,859) | 21,068) | 20,385) | 20,591) | |||||||
| Total Paramount stockholders’ equity | 21,851) | 23,036) | 22,647) | 22,776) | 22,664) | 22,402) | 20,559) | 20,098) | 19,171) | 15,371) | 14,556) | 13,874) | 13,449) | 13,207) | 5,052) | 4,753) | 4,349) | 2,804) | 2,514) | 2,167) | 1,983) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Financial leverage1 | 2.59 | 2.53 | 2.53 | 2.50 | 2.56 | 2.62 | 2.72 | 2.75 | 2.86 | 3.43 | 3.53 | 3.69 | 3.65 | 3.75 | 4.84 | 5.01 | 5.54 | 7.80 | 8.38 | 9.41 | 10.38 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 1.42 | 1.43 | 1.41 | 1.39 | 1.41 | 1.43 | 1.42 | 1.41 | 1.42 | 1.44 | 1.41 | 1.34 | 1.34 | 1.37 | 1.35 | 1.34 | 1.34 | — | — | — | — | |||||||
| Comcast Corp. | 3.15 | 3.18 | 3.17 | 2.92 | 2.89 | 2.87 | 2.89 | 2.92 | 3.01 | 3.03 | 3.12 | 3.18 | 3.22 | 3.18 | 3.28 | 3.34 | 3.42 | — | — | — | — | |||||||
| Meta Platforms Inc. | 1.48 | 1.48 | 1.44 | 1.35 | 1.33 | 1.33 | 1.27 | 1.23 | 1.22 | 1.24 | 1.24 | 1.26 | 1.31 | 1.32 | 1.32 | 1.32 | 1.27 | — | — | — | — | |||||||
| Netflix Inc. | 2.27 | 2.34 | 2.32 | 2.43 | 2.58 | 2.81 | 2.79 | 2.96 | 3.11 | 3.55 | 3.74 | 3.98 | 4.17 | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 2.10 | 2.14 | 2.21 | 2.23 | 2.26 | 2.30 | 2.33 | 2.34 | 2.40 | 2.41 | 2.42 | 2.28 | 2.24 | 2.18 | 2.32 | 2.38 | 1.99 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Financial leverage = Total assets ÷ Total Paramount stockholders’ equity
= 56,561 ÷ 21,851 = 2.59
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 increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Interest Coverage
Paramount Global, interest coverage calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net earnings (loss) attributable to Paramount | (1,118) | 21) | 231) | 419) | 433) | 2,058) | 538) | 1,036) | 911) | 810) | 615) | 481) | 516) | (258) | 630) | 977) | 1,959) | 561) | 488) | 400) | 511) | |||||||
| Add: Net income attributable to noncontrolling interest | 6) | 88) | 11) | 3) | 8) | 50) | 13) | 13) | 12) | 19) | 12) | 245) | 3) | 4) | 16) | 6) | 5) | —) | —) | —) | —) | |||||||
| Less: Net earnings from discontinued operations, net of tax | 45) | 198) | 78) | 61) | 42) | 36) | 73) | 41) | 12) | 27) | 47) | 28) | 15) | 15) | 4) | 6) | 13) | —) | —) | —) | —) | |||||||
| Add: Income tax expense | (381) | (37) | 101) | 129) | 34) | 334) | 120) | (34) | 226) | 183) | 26) | 192) | 134) | —) | 126) | 241) | (376) | (39) | 64) | 113) | 135) | |||||||
| Add: Interest expense | 226) | 230) | 231) | 230) | 240) | 241) | 243) | 243) | 259) | 268) | 259) | 263) | 241) | 239) | 246) | 237) | 240) | 118) | 115) | 116) | 118) | |||||||
| Earnings before interest and tax (EBIT) | (1,312) | 104) | 496) | 720) | 673) | 2,647) | 841) | 1,217) | 1,396) | 1,253) | 865) | 1,153) | 879) | (30) | 1,014) | 1,455) | 1,815) | 640) | 667) | 629) | 764) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Interest coverage1 | 0.01 | 2.14 | 4.82 | 5.12 | 5.56 | 6.19 | 4.65 | 4.60 | 4.45 | 4.03 | 2.86 | 3.05 | 3.45 | 4.42 | 5.85 | 6.45 | 6.37 | 5.78 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||
| Comcast Corp. | 3.50 | 3.38 | 3.35 | 5.43 | 5.57 | 5.46 | 5.67 | 4.94 | 4.54 | 4.07 | 3.94 | 4.26 | 4.29 | 4.72 | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 7.86 | 8.45 | 8.97 | 8.83 | 8.62 | 8.63 | 8.49 | 7.41 | 6.71 | 5.17 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Interest coverage
= (EBITQ1 2023
+ EBITQ4 2022
+ EBITQ3 2022
+ EBITQ2 2022)
÷ (Interest expenseQ1 2023
+ Interest expenseQ4 2022
+ Interest expenseQ3 2022
+ Interest expenseQ2 2022)
= (-1,312 + 104 + 496 + 720)
÷ (226 + 230 + 231 + 230)
= 0.01
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 deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |