Philip Morris International Inc (PM)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 6,861,000 | 6,507,000 | 4,008,000 | 3,081,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 192,000 | — | — | — | 4,624,000 | 4,633,000 | 4,637,000 | 4,798,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total current liabilities | US$ in thousands | 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 | 18,833,000 | 18,045,000 | 18,046,000 | 18,486,000 |
| Cash ratio | 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 | 0.36 | 0.36 | 0.22 | 0.17 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,060,000K
+ $—K)
÷ $26,383,000K
= 0.12
The cash ratio of Philip Morris International Inc has shown some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. In this case, the cash ratio ranged from 0.17 to 0.35 over the period analyzed.
A cash ratio of 0.17 in Q4 2023 indicates that for every dollar of current liabilities, Philip Morris International Inc has $0.17 in cash and cash equivalents to cover those obligations. This implies a relatively lower level of liquidity compared to previous quarters.
The highest cash ratio of 0.35 was recorded in Q3 2022, suggesting that the company had a stronger ability to meet its short-term liabilities with available cash at that time. Overall, the cash ratio has fluctuated within a range between 0.17 and 0.35, indicating variability in the company's liquidity position over the past two years.
It is essential for investors and stakeholders to monitor these fluctuations in the cash ratio to assess the company's short-term liquidity and financial health.
Peer comparison
Dec 31, 2023