Philip Morris International Inc (PM)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,216,000 | 3,060,000 | 3,207,000 | 4,496,000 | 7,280,000 |
| Short-term investments | US$ in thousands | — | 1,000 | — | — | 4,798,000 |
| Total current liabilities | US$ in thousands | 22,915,000 | 26,383,000 | 27,336,000 | 19,255,000 | 19,615,000 |
| Cash ratio | 0.18 | 0.12 | 0.12 | 0.23 | 0.62 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,216,000K
+ $—K)
÷ $22,915,000K
= 0.18
The cash ratio of Philip Morris International Inc has shown a decreasing trend over the period from December 31, 2020, to December 31, 2024. As of the latest data point in December 31, 2024, the cash ratio stands at 0.18, indicating that the company has $0.18 of cash and cash equivalents for every $1 of current liabilities. Despite the decline, the cash ratio remains above 0.1, suggesting that the company has sufficient cash reserves to cover its short-term obligations. However, the decreasing trend may indicate a potential strain on liquidity and the need for efficient cash management in the future.
Peer comparison
Dec 31, 2024