Altria Group (MO)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 25,112,000 | 23,977,000 | 24,074,000 | 24,048,000 | 25,124,000 | 24,848,000 | 25,046,000 | 25,405,000 | 26,939,000 | 27,022,000 | 28,241,000 | 28,180,000 | 27,971,000 | 27,755,000 | 27,542,000 | 26,971,000 | 27,042,000 | 26,903,000 | 27,096,000 | 27,024,000 |
| Total stockholders’ equity | US$ in thousands | -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 | 2,839,000 | 3,139,000 | 5,688,000 | 6,543,000 | 6,222,000 | 10,545,000 | 14,464,000 | 14,079,000 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | 8.67 | 9.67 | 9.85 | 8.84 | 4.84 | 4.12 | 4.35 | 2.55 | 1.87 | 1.92 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $25,112,000K ÷ $-3,540,000K
= —
As the debt-to-equity ratio data for Altria Group Inc. is not provided for any of the quarters in the table, a detailed analysis cannot be performed at this time. The debt-to-equity ratio is a key metric in evaluating a company's capital structure and financial health, indicating the proportion of debt used to finance its operations relative to shareholders' equity. Without data on this ratio, it is challenging to assess Altria Group Inc.'s leverage levels, risk exposure, and ability to meet its financial obligations. To gain a better understanding of the company's debt-to-equity position, it is essential to examine the historical trend of this ratio over time and compare it with industry benchmarks and peer companies. Additionally, qualitative information on Altria Group Inc.'s debt management strategy and financing activities would help in providing a more thorough analysis of its capital structure.
Peer comparison
Dec 31, 2023