Philip Morris International Inc (PM)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,216,000 | 4,258,000 | 4,807,000 | 3,968,000 | 3,060,000 | 3,017,000 | 3,492,000 | 2,428,000 | 3,207,000 | 5,368,000 | 5,036,000 | 4,622,000 | 4,496,000 | 4,491,000 | 4,915,000 | 3,902,000 | 7,280,000 | 4,821,000 | 4,200,000 | 3,746,000 |
| Short-term investments | US$ in thousands | — | 43,000 | — | — | 1,000 | — | — | — | — | 192,000 | — | — | — | 4,624,000 | 4,633,000 | 4,637,000 | 4,798,000 | 0 | 0 | 0 |
| Total current liabilities | US$ in thousands | 22,915,000 | 23,366,000 | 22,416,000 | 22,168,000 | 26,383,000 | 21,547,000 | 23,245,000 | 22,985,000 | 27,336,000 | 20,772,000 | 20,547,000 | 20,417,000 | 19,255,000 | 17,877,000 | 15,884,000 | 15,215,000 | 19,615,000 | 15,525,000 | 15,792,000 | 16,584,000 |
| Cash ratio | 0.18 | 0.18 | 0.21 | 0.18 | 0.12 | 0.14 | 0.15 | 0.11 | 0.12 | 0.27 | 0.25 | 0.23 | 0.23 | 0.51 | 0.60 | 0.56 | 0.62 | 0.31 | 0.27 | 0.23 |
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 some fluctuations over the past few years. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to September 30, 2021, the cash ratio steadily increased from 0.23 to 0.51, indicating a strengthening liquidity position. However, there was a notable decline in the ratio by December 31, 2021, dropping to 0.23.
Subsequently, there was another increase in the cash ratio by June 30, 2022, reaching 0.25. The ratio then remained relatively stable around this level until March 31, 2024, where it increased to 0.18. Overall, the cash ratio of Philip Morris International Inc has shown some variability but has generally remained at a satisfactory level to cover short-term obligations with available cash.
Peer comparison
Dec 31, 2024