Philip Morris International Inc (PM)
Current 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 current assets | US$ in thousands | 20,170,000 | 20,796,000 | 21,028,000 | 20,874,000 | 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 |
| 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 |
| Current ratio | 0.88 | 0.89 | 0.94 | 0.94 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $20,170,000K ÷ $22,915,000K
= 0.88
The current ratio of Philip Morris International Inc has fluctuated over the past few years, ranging from a low of 0.72 to a high of 1.18. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position. However, a current ratio below 1 signifies that the company may have difficulty meeting its short-term obligations with its current assets alone.
In recent quarters, the current ratio has been below 1, falling to 0.88 as of December 31, 2024. This may raise concerns about the company's ability to cover its short-term liabilities with its current assets. It is important for investors and stakeholders to monitor the trend of the current ratio over time to assess the company's liquidity and financial health.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Current Ratio (Quarterly Data)