Philip Morris International Inc (PM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 61,784,000 | 65,304,000 | 61,681,000 | 41,290,000 | 44,815,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $61,784,000K
= 0.00
The debt-to-assets ratio of Philip Morris International Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations and investments, and its assets are primarily financed by equity. A low or zero debt-to-assets ratio suggests a low financial risk and a strong financial position, as the company is not highly leveraged. It also implies that the company may have sufficient cash flows or retained earnings to support its operations and growth without relying on debt. It is important to note that while a zero ratio may indicate financial strength, it is also essential to consider other financial metrics and qualitative factors to have a holistic view of the company's financial health.
Peer comparison
Dec 31, 2024