Altria Group (MO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 35,177,000 | 34,167,000 | 34,387,000 | 36,475,000 | 38,570,000 | 36,469,000 | 37,151,000 | 36,826,000 | 36,954,000 | 33,953,000 | 36,746,000 | 40,235,000 | 39,523,000 | 39,564,000 | 44,388,000 | 48,776,000 | 47,414,000 | 46,651,000 | 50,200,000 | 52,618,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Altria Group has consistently remained at 0.00 throughout the data period provided from March 31, 2020, to December 31, 2024. This signifies that the company has not been utilizing debt significantly to finance its operations or investments, as the ratio indicates the proportion of a company's assets that are financed through debt. A debt-to-assets ratio of 0.00 implies that Altria Group's assets are predominantly financed through equity.
Maintaining a low debt-to-assets ratio can be beneficial for a company as it indicates lower financial risk and better financial health. However, it's important to note that a very low debt-to-assets ratio could also suggest missed opportunities for leveraging debt to potentially increase returns on investment. In the case of Altria Group, their consistent 0.00 debt-to-assets ratio suggests a conservative financial strategy with a preference for equity financing over debt.
Peer comparison
Dec 31, 2024