Altria Group (MO)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | 0.00 |
| Debt-to-equity ratio | — | — | — | — | 0.00 |
| Financial leverage ratio | — | — | — | — | 16.70 |
The solvency ratios of Altria Group indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio has been reported as 0.00% for all years analyzed, suggesting that the company's assets are primarily financed through equity rather than debt.
Furthermore, the Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio are not provided for the years 2021, 2022, 2023, and 2024, which could imply a lack of debt obligations or the unavailability of specific financial data for those periods.
The Financial leverage ratio for the year 2020 stands at 16.70, indicating that for every dollar of equity, the company has $16.70 of debt. However, without data for the subsequent years, it is challenging to assess any trends or changes in the company's leverage position.
Overall, based on the data provided, Altria Group appears to maintain a conservative debt structure and sound solvency position. Investors and stakeholders should continue to monitor the company's financial ratios and disclosures to gain a more comprehensive understanding of its solvency and financial stability over time.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 13.15 | 12.46 | 7.55 | 4.22 | 6.64 |
Interest coverage for Altria Group has shown fluctuations over the past five years. Starting at 6.64 in December 31, 2020, it decreased to 4.22 by December 31, 2021, indicating a potential strain on the company's ability to cover interest expenses. However, the ratio improved in the following years, reaching 7.55 by December 31, 2022, 12.46 by December 31, 2023, and further increasing to 13.15 by December 31, 2024. These improvements suggest that Altria Group's earnings are now more than sufficient to cover its interest obligations, indicating a healthier financial position in recent years.