Altria Group (MO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 4,824,000 | 4,291,000 | 4,483,000 | 6,262,000 |
| 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 |
| Current ratio | 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 | 0.59 | 0.56 | 0.56 | 0.62 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,585,000K ÷ $11,319,000K
= 0.49
The current ratio measures Altria Group Inc.'s ability to meet its short-term financial obligations with its current assets. The current ratio has fluctuated over the past eight quarters, ranging from a low of 0.33 in Q3 2023 to a high of 0.84 in Q4 2022.
A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone. Altria's current ratio has mostly been below 1 over the past year, suggesting some level of liquidity risk.
The recent improvement in Q1 2023 to a current ratio of 0.78 indicates a better ability to cover short-term obligations compared to the previous few quarters. However, it is important to monitor this ratio over time to ensure that Altria maintains sufficient liquidity to meet its current liabilities.
Overall, Altria Group Inc. may need to assess and potentially improve its working capital management to enhance its liquidity position and ensure financial stability in the short term.
Peer comparison
Dec 31, 2023