Altria Group (MO)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,513,000 | 3,499,000 | 3,540,000 | 5,198,000 | 5,585,000 | 3,390,000 | 4,338,000 | 7,152,000 | 7,220,000 | 4,020,000 | 4,086,000 | 6,762,000 | 6,083,000 | 6,020,000 | 4,184,000 | 8,029,000 | 7,117,000 | 6,399,000 | 7,004,000 | 7,935,000 |
| Total current liabilities | US$ in thousands | 8,781,000 | 7,996,000 | 7,782,000 | 10,935,000 | 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 |
| Current ratio | 0.51 | 0.44 | 0.45 | 0.48 | 0.49 | 0.33 | 0.37 | 0.78 | 0.84 | 0.50 | 0.49 | 0.62 | 0.71 | 0.74 | 0.72 | 0.80 | 0.79 | 0.77 | 0.75 | 0.71 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,513,000K ÷ $8,781,000K
= 0.51
Altria Group's current ratio has fluctuated over the past few years, indicating changes in its short-term liquidity position. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
From March 31, 2020, to June 30, 2021, the current ratio ranged between 0.71 and 0.80, showing a relatively stable but slightly low liquidity position. However, there was a significant drop in the current ratio to 0.62 by March 31, 2022, indicating a potential liquidity strain.
Subsequently, the current ratio improved to 0.84 by December 31, 2022, suggesting better short-term liquidity. However, there was a sharp decline in liquidity by June 30, 2023, with the current ratio falling to 0.37, possibly signaling challenges in meeting short-term obligations.
The current ratio remained relatively low from June 30, 2023, to December 31, 2024, ranging from 0.33 to 0.51, indicating fluctuations in Altria Group's ability to cover its current liabilities with current assets during this period.
Overall, Altria Group's current ratio has shown variability, indicating fluctuations in its short-term liquidity position, which could be a point of concern for investors and creditors assessing the company's financial health.
Peer comparison
Dec 31, 2024