Altria Group (MO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,127,000 | 3,686,000 | 4,030,000 | 4,544,000 | 4,945,000 |
| Short-term investments | US$ in thousands | — | -5,000 | — | 13,481,000 | 19,529,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 8,781,000 | 11,319,000 | 8,616,000 | 8,579,000 | 9,063,000 |
| Quick ratio | 0.36 | 0.33 | 0.47 | 2.10 | 2.70 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,127,000K
+ $—K
+ $—K)
÷ $8,781,000K
= 0.36
The quick ratio of Altria Group has shown a declining trend over the past five years, starting at 2.70 in December 2020 and decreasing to 0.36 by December 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has deteriorated significantly over this period. A quick ratio below 1.0 suggests that the company may have difficulty covering its short-term liabilities with its liquid assets, which could raise concerns about its liquidity and ability to manage financial obligations efficiently. Further analysis and investigation into the factors contributing to this decline in the quick ratio would be necessary to assess the company's financial health accurately.
Peer comparison
Dec 31, 2024