Altria Group (MO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 35,177,000 | 38,570,000 | 36,954,000 | 39,523,000 | 47,414,000 |
| Total stockholders’ equity | US$ in thousands | -2,238,000 | -3,540,000 | -3,973,000 | -1,606,000 | 2,839,000 |
| Financial leverage ratio | — | — | — | — | 16.70 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $35,177,000K ÷ $-2,238,000K
= —
The financial leverage ratio for Altria Group as of December 31, 2020, stands at 16.70. This ratio provides insight into the company's level of debt relative to its equity. A higher financial leverage ratio typically indicates that a company is using more debt to finance its operations, which can amplify returns in good times but also increase financial risk in times of economic downturns or other challenges.
However, it's noteworthy that the data for the subsequent years, 2021 to 2024, is not available (represented as "—"). This lack of data hinders a comprehensive analysis of how Altria Group's financial leverage ratio may have evolved over time. Assessing trends in this ratio over multiple periods could offer valuable insights into the company's capital structure strategies and risk management practices.
In conclusion, as of December 31, 2020, the financial leverage ratio for Altria Group is at a level of 16.70, but further data would be necessary to fully assess the company's leverage position and its implications for investors and stakeholders.
Peer comparison
Dec 31, 2024