Altria Group (MO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,513,000 | 5,585,000 | 7,220,000 | 6,083,000 | 7,117,000 |
| Total current liabilities | US$ in thousands | 8,781,000 | 11,319,000 | 8,616,000 | 8,579,000 | 9,063,000 |
| Current ratio | 0.51 | 0.49 | 0.84 | 0.71 | 0.79 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,513,000K ÷ $8,781,000K
= 0.51
The current ratio of Altria Group has fluctuated over the past five years. As of December 31, 2020, the current ratio stood at 0.79, indicating that the company's current assets were less than its current liabilities. Subsequently, the ratio decreased to 0.71 by December 31, 2021, showing a further strain on the company's short-term liquidity position.
However, there was an improvement in the current ratio by December 31, 2022, reaching 0.84, which suggests that Altria Group was better able to cover its short-term obligations with its current assets. The ratio then declined significantly to 0.49 by December 31, 2023, signaling potential liquidity challenges.
By December 31, 2024, the current ratio slightly increased to 0.51, remaining below 1.0 and indicating that Altria Group continued to face difficulties in meeting its short-term liabilities with its current assets. Overall, the trend in the current ratio shows volatility in Altria Group's liquidity position, which may require closer monitoring and management to ensure financial stability.
Peer comparison
Dec 31, 2024