Philip Morris International Inc (PM)
Quick 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 | 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 |
| Receivables | US$ in thousands | 4,675,000 | 5,191,000 | 5,117,000 | 5,052,000 | 4,391,000 | 4,789,000 | 5,012,000 | 5,307,000 | 5,444,000 | 5,501,000 | 5,561,000 | 5,109,000 | 4,458,000 | 4,886,000 | 5,248,000 | 4,729,000 | 4,126,000 | 4,485,000 | 4,695,000 | 3,847,000 |
| 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 |
| Quick ratio | 0.39 | 0.41 | 0.44 | 0.41 | 0.28 | 0.36 | 0.37 | 0.34 | 0.32 | 0.53 | 0.52 | 0.48 | 0.47 | 0.78 | 0.93 | 0.87 | 0.83 | 0.60 | 0.56 | 0.46 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,216,000K
+ $—K
+ $4,675,000K)
÷ $22,915,000K
= 0.39
The quick ratio of Philip Morris International Inc has shown fluctuations over the past few years, ranging from a low of 0.28 to a high of 0.93. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets excluding inventory.
In December 2023, the quick ratio dropped to 0.28, indicating a potential liquidity issue as the company may have difficulty meeting its short-term liabilities with its liquid assets. However, this improved in the subsequent periods, reaching 0.93 by June 30, 2021, showing an enhanced ability to cover short-term obligations.
Thereafter, the quick ratio exhibited some volatility, fluctuating within a range of 0.32 to 0.56, showing moderate fluctuations in the company's liquidity position. Overall, the trend suggests that Philip Morris International Inc has been managing its short-term liquidity effectively, with some periods of stronger liquidity position than others. Investors and analysts may further study the reasons behind the fluctuations to assess the company's financial health accurately.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Quick Ratio (Quarterly Data)