Altria Group (MO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -2,238,000 | -3,468,000 | -3,016,000 | -5,114,000 | -3,540,000 | -3,407,000 | -3,827,000 | -3,876,000 | -3,973,000 | -4,232,000 | -2,403,000 | -1,760,000 | -1,606,000 | -1,267,000 | 3,257,000 | 2,913,000 | 2,925,000 | 3,232,000 | 5,786,000 | 6,543,000 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-2,238,000K)
= —
The debt-to-capital ratio for Altria Group has consistently remained at 0.00 from March 31, 2020, to September 30, 2021. However, data for the subsequent periods from September 30, 2021, to December 31, 2024, is unavailable (denoted by "—").
A debt-to-capital ratio of 0.00 indicates that the company has either no debt or very minimal debt in relation to its total capital. This suggests that Altria Group is primarily financed through equity rather than debt. A low debt-to-capital ratio can reflect a strong financial position, as it may signify lower financial risk and potentially lower interest expenses.
However, it is important to note that the lack of debt in the capital structure may also imply missed opportunities for leveraging financial leverage to potentially enhance returns for shareholders, especially during periods of low-interest rates.
Overall, while a debt-to-capital ratio of 0.00 can be positive in terms of financial stability and lower risk, it is essential for Altria Group to balance its capital structure appropriately to optimize its cost of capital and financial performance.
Peer comparison
Dec 31, 2024