Paramount Net Tangible Assets vs Accounts Payable Analysis

PARA Stock  USD 10.97  0.64  5.51%   
Paramount Global financial indicator trend analysis is much more than just breaking down Paramount Global Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paramount Global Class is a good investment. Please check the relationship between Paramount Global Net Tangible Assets and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paramount Global Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Net Tangible Assets vs Accounts Payable

Net Tangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paramount Global Class Net Tangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Paramount Global's Net Tangible Assets and Accounts Payable is 0.81. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Paramount Global Class, assuming nothing else is changed. The correlation between historical values of Paramount Global's Net Tangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Paramount Global Class are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Tangible Assets i.e., Paramount Global's Net Tangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Accounts Payable

An accounting item on the balance sheet that represents Paramount Global obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Paramount Global Class are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Paramount Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paramount Global Class current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paramount Global Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
The current year's Discontinued Operations is expected to grow to about 457.6 M, whereas Selling General Administrative is forecasted to decline to about 3.9 B.
 2022 2023 2024 2025 (projected)
Gross Profit10.3B7.3B8.7B6.6B
Total Revenue30.2B29.7B29.2B17.5B

Paramount Global fundamental ratios Correlations

0.80.910.90.930.90.690.690.81.00.860.80.840.430.80.97-0.350.850.920.97-0.3-0.220.850.06-0.530.16
0.80.90.910.70.670.970.750.580.760.690.580.95-0.040.980.83-0.580.980.640.870.14-0.420.670.0-0.470.57
0.910.90.990.890.740.840.760.680.880.830.680.970.210.870.91-0.480.930.870.93-0.08-0.350.90.02-0.510.33
0.90.910.990.890.730.850.770.660.880.810.660.980.20.880.91-0.490.940.850.92-0.03-0.330.910.02-0.510.33
0.930.70.890.890.80.570.70.80.920.80.80.810.530.680.93-0.330.770.940.89-0.36-0.170.920.12-0.430.0
0.90.670.740.730.80.60.520.640.910.670.640.670.570.690.88-0.210.720.760.82-0.31-0.040.640.04-0.50.16
0.690.970.840.850.570.60.680.390.660.590.390.91-0.160.960.73-0.560.950.490.750.3-0.40.58-0.08-0.470.65
0.690.750.760.770.70.520.680.660.670.760.660.70.260.630.75-0.910.690.690.72-0.2-0.770.730.570.060.55
0.80.580.680.660.80.640.390.660.780.791.00.590.450.560.79-0.40.610.830.84-0.51-0.340.650.3-0.26-0.01
1.00.760.880.880.920.910.660.670.780.870.780.810.470.760.97-0.330.820.910.94-0.32-0.20.840.06-0.540.12
0.860.690.830.810.80.670.590.760.790.870.790.730.280.660.84-0.520.730.840.84-0.31-0.510.80.16-0.430.15
0.80.580.680.660.80.640.390.661.00.780.790.590.450.560.79-0.40.610.830.84-0.51-0.340.650.3-0.26-0.01
0.840.950.970.980.810.670.910.70.590.810.730.590.050.940.86-0.450.970.750.890.09-0.290.81-0.1-0.560.38
0.43-0.040.210.20.530.57-0.160.260.450.470.280.450.05-0.090.44-0.040.00.560.31-0.760.10.420.480.15-0.29
0.80.980.870.880.680.690.960.630.560.760.660.560.94-0.090.82-0.420.990.60.850.19-0.270.62-0.17-0.610.47
0.970.830.910.910.930.880.730.750.790.970.840.790.860.440.82-0.430.870.880.94-0.31-0.250.850.13-0.460.18
-0.35-0.58-0.48-0.49-0.33-0.21-0.56-0.91-0.4-0.33-0.52-0.4-0.45-0.04-0.42-0.43-0.45-0.36-0.420.060.91-0.43-0.7-0.35-0.73
0.850.980.930.940.770.720.950.690.610.820.730.610.970.00.990.87-0.450.690.90.12-0.30.73-0.12-0.590.44
0.920.640.870.850.940.760.490.690.830.910.840.830.750.560.60.88-0.360.690.9-0.44-0.270.920.22-0.350.05
0.970.870.930.920.890.820.750.720.840.940.840.840.890.310.850.94-0.420.90.9-0.23-0.30.820.08-0.50.26
-0.30.14-0.08-0.03-0.36-0.310.3-0.2-0.51-0.32-0.31-0.510.09-0.760.19-0.310.060.12-0.44-0.230.06-0.25-0.49-0.20.39
-0.22-0.42-0.35-0.33-0.17-0.04-0.4-0.77-0.34-0.2-0.51-0.34-0.290.1-0.27-0.250.91-0.3-0.27-0.30.06-0.31-0.63-0.37-0.66
0.850.670.90.910.920.640.580.730.650.840.80.650.810.420.620.85-0.430.730.920.82-0.25-0.310.17-0.320.12
0.060.00.020.020.120.04-0.080.570.30.060.160.3-0.10.48-0.170.13-0.7-0.120.220.08-0.49-0.630.170.790.32
-0.53-0.47-0.51-0.51-0.43-0.5-0.470.06-0.26-0.54-0.43-0.26-0.560.15-0.61-0.46-0.35-0.59-0.35-0.5-0.2-0.37-0.320.790.2
0.160.570.330.330.00.160.650.55-0.010.120.15-0.010.38-0.290.470.18-0.730.440.050.260.39-0.660.120.320.2
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Paramount Global Account Relationship Matchups

Paramount Global fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets52.7B58.6B58.4B53.5B46.2B41.4B
Short Long Term Debt Total21.3B19.3B17.3B15.9B15.5B10.5B
Other Current Liab6.7B7.6B8.6B7.8B7.9B4.7B
Total Current Liabilities8.3B9.5B11.2B9.7B9.6B5.9B
Total Stockholder Equity15.4B22.4B23.0B22.5B16.3B14.1B
Property Plant And Equipment Net3.6B3.4B3.2B2.8B2.6B3.2B
Net Debt18.3B13.0B14.4B13.4B12.9B9.4B
Retained Earnings10.4B14.3B14.7B13.8B7.5B7.9B
Cash3.0B6.3B2.9B2.5B2.7B2.8B
Non Current Assets Total38.9B41.9B44.7B40.8B33.6B34.2B
Non Currrent Assets Other12.2B15.5B17.6B14.3B16.8B17.6B
Cash And Short Term Investments3.0B6.3B2.9B2.5B2.7B2.8B
Net Receivables7.0B7.0B7.4B7.1B6.9B3.8B
Common Stock Shares Outstanding618M655M650M652M664M646.8M
Liabilities And Stockholders Equity52.7B58.6B58.4B53.5B46.2B42.1B
Non Current Liabilities Total28.3B26.2B23.6B20.8B19.8B16.3B
Other Current Assets2.0B1.9B2.1B1.7B1.5B1.5B
Other Stockholder Equity6.8B10.0B10.1B10.3B10.4B9.9B
Total Liab36.6B35.7B34.8B30.5B29.4B22.2B
Property Plant And Equipment Gross3.6B7.1B6.9B6.4B6.3B3.6B
Total Current Assets13.8B16.7B13.7B12.7B12.5B8.2B
Accumulated Other Comprehensive Income(1.8B)(1.9B)(1.8B)(1.6B)(1.6B)(1.5B)
Short Term Debt16M11M239M1M1.2M1.1M
Intangible Assets2.8B2.8B2.7B2.6B2.4B2.3B
Accounts Payable571M800M1.4B1.1B953M494.8M
Current Deferred Revenue978M1.1B973M746M825M858.5M
Inventory1.8B1.5B1.3B1.4B1.4B1.2B
Good Will16.6B16.6B16.5B16.5B10.5B13.3B
Net Tangible Assets(4.2B)(2.0B)5.2B5.6B6.5B6.8B
Retained Earnings Total Equity8.5B10.4B14.3B14.7B16.9B17.8B
Long Term Debt Total18.0B19.7B17.7B15.6B17.9B11.3B
Capital Surpluse29.6B29.8B32.9B33.1B29.8B32.1B
Deferred Long Term Liab500M778M1.1B1.1B969.3M750.5M
Non Current Liabilities Other5.8B5.3B5.1B1.7B1.6B1.6B
Property Plant Equipment8.7B10.4B13.4B1.8B2.0B1.9B
Other Liab7.3B6.8B6.8B6.6B5.9B5.5B

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Other Information on Investing in Paramount Stock

Balance Sheet is a snapshot of the financial position of Paramount Global Class at a specified time, usually calculated after every quarter, six months, or one year. Paramount Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Paramount Global and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Paramount currently owns. An asset can also be divided into two categories, current and non-current.