Altria Group (MO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 13.63 | 16.74 | 16.21 | 14.43 | 8.68 | 8.04 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $35,177,000K ÷ $-2,238,000K
= —
The financial leverage ratio measures the extent to which a company uses debt to finance its operations and investments.
For Altria Group, the financial leverage ratio has been fluctuating over the periods provided. The ratio stood at 8.04 as of March 31, 2020, increased to 8.68 by June 30, 2020, and then rose significantly to 14.43 by September 30, 2020. This sharp increase indicates that the company took on more debt relative to its equity during that period.
The trend continued with a further increase to 16.21 by December 31, 2020, and a slight uptick to 16.74 by March 31, 2021. However, the ratio decreased to 13.63 by June 30, 2021, suggesting a reduction in the company's reliance on debt for financing.
Unfortunately, data beyond June 2021 is not available, as the financial leverage ratio numbers are indicated as N/A for subsequent periods. Without additional information, it is challenging to analyze the current leverage position of Altria Group.
In conclusion, based on the available data, Altria Group experienced fluctuations in its financial leverage ratio over the analyzed periods, suggesting varying degrees of debt usage to support its operations and investments.
Peer comparison
Dec 31, 2024