Altria Group (MO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 35,177,000 | 38,570,000 | 36,954,000 | 39,523,000 | 47,414,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $35,177,000K
= 0.00
The debt-to-assets ratio for Altria Group has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to acquire its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, which can imply a lower financial risk as there is no debt obligation to repay. However, it is essential to consider other factors such as the cost of capital and potential limitations in leveraging opportunities when evaluating the overall financial health and strategy of the company.
Peer comparison
Dec 31, 2024