Altria Group (MO)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,686,000 | 1,537,000 | 874,000 | 3,913,000 | 4,030,000 | 2,483,000 | 2,567,000 | 5,353,000 | 4,544,000 | 2,957,000 | 1,877,000 | 5,792,000 | 4,945,000 | 4,123,000 | 4,826,000 | 5,616,000 | 2,117,000 | 1,604,000 | 1,796,000 | 3,352,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 13,481,000 | 19,831,000 | 19,831,000 | 19,831,000 | 19,529,000 | 19,408,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 11,319,000 | 10,381,000 | 11,664,000 | 9,146,000 | 8,616,000 | 8,097,000 | 8,311,000 | 10,928,000 | 8,579,000 | 8,112,000 | 5,783,000 | 10,004,000 | 9,063,000 | 8,290,000 | 9,400,000 | 11,154,000 | 8,174,000 | 7,662,000 | 7,952,000 | 10,119,000 |
| Cash ratio | 0.33 | 0.15 | 0.07 | 0.43 | 0.47 | 0.31 | 0.31 | 0.49 | 2.10 | 2.81 | 3.75 | 2.56 | 2.70 | 2.84 | 0.51 | 0.50 | 0.26 | 0.21 | 0.23 | 0.33 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,686,000K
+ $—K)
÷ $11,319,000K
= 0.33
Based on the data provided, the cash ratio of Altria Group Inc. has exhibited fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a company has more liquid assets available to meet its short-term obligations.
In the most recent quarter, Q4 2023, Altria Group Inc. had a cash ratio of 0.38. This implies that the company had $0.38 in cash and cash equivalents for every $1 of short-term liabilities. This represents an increase from the previous quarter, Q3 2023, where the cash ratio was 0.21.
The trend in the cash ratio prior to Q4 2023 was declining, with ratios of 0.11 in Q2 2023 and 0.45 in Q1 2023. It is important to note that a cash ratio of less than 1 suggests that the company may have difficulty meeting its short-term obligations solely from its available cash reserves.
Comparing the Q4 2023 cash ratio of 0.38 to historical data, it is below the levels seen in Q4 2022 and Q2 2022, where the cash ratio was 0.50, indicating a decrease in the company's liquidity position over time. However, the current ratio remains higher than the levels seen in Q3 2022 and Q2 2022, where the cash ratio was 0.35.
Overall, the cash ratio of Altria Group Inc. has shown variability over the past eight quarters, highlighting the importance of monitoring the company's liquidity position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023