Philip Morris International Inc (PM)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — |
Based on the provided data, it appears that Philip Morris International Inc has maintained a debt-to-assets ratio of 0.00 consistently from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its assets during this period.
The information regarding the debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio is not available (marked as "\u2014") for the specified years, making it challenging to further analyze the company's solvency based on these metrics.
From the available data, it can be inferred that Philip Morris International Inc has maintained a strong financial position with minimal reliance on debt obligations to support its asset base. However, a comprehensive analysis of the company's solvency would require additional financial ratios and information to provide a more detailed assessment of its overall financial health.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 7.60 | 7.65 | 15.70 | 16.98 | 15.33 |
The interest coverage ratio for Philip Morris International Inc indicates the company's ability to meet its interest obligations. The trend analysis shows a relatively stable performance from 2020 to 2022, with the ratio staying comfortably above 15, which suggests a strong capacity to cover interest expenses with operating income. However, there was a notable decrease in 2023 and 2024, resulting in the ratio dropping to 7.65 and 7.60 respectively. This decline may raise concerns about the company's ability to service its interest payments from operating profits alone, indicating a potential strain on financial resources. It would be advisable for stakeholders to closely monitor this trend and assess the reasons behind the decrease in interest coverage to ensure the company's financial health and sustainability.