Philip Morris International Inc (PM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 65,304,000 | 62,927,000 | 61,868,000 | 62,060,000 | 61,681,000 | 40,717,000 | 40,960,000 | 41,733,000 | 41,290,000 | 41,589,000 | 40,686,000 | 39,804,000 | 44,815,000 | 39,129,000 | 39,162,000 | 37,494,000 | 42,875,000 | 41,420,000 | 39,923,000 | 38,042,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $65,304,000K
= 0.00
The debt-to-assets ratio of Philip Morris International Inc has shown a moderate increasing trend over the past eight quarters, ranging from 0.67 to 0.77. This ratio indicates that, on average, the company finances approximately 73% to 77% of its total assets with debt.
A higher debt-to-assets ratio suggests that the company is more heavily reliant on debt financing, which may indicate higher financial risk due to potential difficulties in servicing debt obligations. Conversely, a lower ratio typically implies a stronger financial position with less reliance on debt financing.
It's important for investors and stakeholders to monitor changes in the debt-to-assets ratio over time to assess the company's financial leverage and risk profile. In this case, the gradual increase in the ratio may warrant further scrutiny to evaluate the company's debt management strategies and potential implications for its financial health.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Debt to Assets (Quarterly Data)