Philip Morris International Inc (PM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 19,755,000 | 19,193,000 | 19,836,000 | 19,571,000 | 19,619,000 | 19,035,000 | 18,376,000 | 18,724,000 | 17,717,000 | 17,846,000 | 18,743,000 | 17,910,000 | 21,492,000 | 17,453,000 | 17,776,000 | 16,861,000 | 20,514,000 | 19,575,000 | 17,163,000 | 15,741,000 |
| 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 |
| Current ratio | 0.75 | 0.89 | 0.85 | 0.85 | 0.72 | 0.92 | 0.89 | 0.92 | 0.92 | 1.00 | 1.18 | 1.18 | 1.10 | 1.12 | 1.13 | 1.02 | 1.09 | 1.08 | 0.95 | 0.85 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $19,755,000K ÷ $26,383,000K
= 0.75
The current ratio of Philip Morris International Inc has exhibited fluctuations over the past eight quarters, ranging from 0.72 to 0.92. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets. A current ratio below 1.0 may raise concerns about the company's liquidity and ability to meet its short-term obligations.
In Q4 2022 and Q4 2023, Philip Morris had the lowest current ratios of 0.72 and 0.75, respectively, suggesting a potential difficulty in meeting short-term obligations with current assets alone. However, the current ratio improved in subsequent quarters, reaching its highest point of 0.92 in both Q3 2022 and Q1 2022.
Although the current ratio improved in Q3 2022 and Q1 2022, it decreased in the following quarters, indicating a potential fluctuation in the company's liquidity position. Investors and analysts may closely monitor the current ratio trend to assess how effectively the company manages its short-term financial obligations with its current assets.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Current Ratio (Quarterly Data)