Altria Group (MO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,127,000 | 1,897,000 | 1,808,000 | 3,616,000 | 3,691,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 13,481,000 | 19,831,000 | 19,831,000 | 19,831,000 | 19,529,000 | 19,408,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.36 | 0.24 | 0.23 | 0.33 | 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 |
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 exhibited fluctuations over the periods under consideration. The ratio stood at 0.50 as of March 31, 2020, indicating that the company had 50 cents in liquid assets available to cover each dollar of current liabilities. The ratio experienced a slight increase to 0.51 by June 30, 2020.
Significant improvement was noted in the quick ratio in the subsequent periods, reaching 2.84 as of September 30, 2020, signifying a substantial increase in liquidity and the company's ability to meet short-term obligations using its quick assets. This positive trend continued through the end of 2021, with the ratio standing at 2.10 as of December 31, 2021.
However, a notable decline was observed in the quick ratio in the following periods, dropping to 0.31 by June 30, 2022, and remaining at the same level by September 30, 2022. This suggests a potential decrease in the company's ability to quickly cover its short-term liabilities with liquid assets.
The ratio further decreased to 0.07 as of June 30, 2023, which may raise concerns about Altria Group's liquidity position. A slight recovery was seen by the end of 2023, with the quick ratio improving to 0.33 as of December 31.
As of the most recent period, March 31, 2024, the quick ratio remained relatively constant at 0.33, indicating that the company still has 33 cents in quick assets for every dollar of current liabilities. The fluctuations in the quick ratio over the periods demonstrate varying levels of liquidity and ability to meet short-term obligations efficiently for Altria Group.
Peer comparison
Dec 31, 2024