• Paramount Global average debt/equity ratio for 2023 was 0.68, a 1.45% increase from 2022.
• Paramount Global average debt/equity ratio for 2022 was 0.69, a 17.86% decline from 2021.
• Paramount Global average debt/equity ratio for 2021 was 0.84, a 35.38% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.