Altria Group (MO)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 25,112,000 | 25,124,000 | 26,939,000 | 27,971,000 | 27,042,000 |
| Total stockholders’ equity | US$ in thousands | -3,540,000 | -3,973,000 | -1,606,000 | 2,839,000 | 6,222,000 |
| Debt-to-equity ratio | — | — | — | 9.85 | 4.35 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $25,112,000K ÷ $-3,540,000K
= —
As per the provided data, the debt-to-equity ratio for Altria Group Inc. was not disclosed for the years 2021, 2022, and 2023. However, historical trends indicate that the company's debt-to-equity ratio has fluctuated over the past five years.
In 2020, the debt-to-equity ratio was reported at 10.38, which suggests that the company had a higher proportion of debt relative to equity. This sharp increase compared to the previous year (4.51 in 2019) indicates a significant rise in the level of debt relative to shareholder equity, which may imply higher financial leverage and potential financial risk.
Although the debt-to-equity ratio for the subsequent years is not provided, the lack of disclosure may indicate that the company's capital structure or financial position underwent changes that led to the omission of this ratio in the financial statements.
In conclusion, the historical trend of Altria Group Inc.'s debt-to-equity ratio suggests fluctuations in the company's leverage levels, with a considerable increase in 2020. Further data would be needed to assess the current financial position and leverage strategy of the company.
Peer comparison
Dec 31, 2023